{"id":514446,"date":"2021-07-19T08:33:13","date_gmt":"2021-07-19T12:33:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2\/"},"modified":"2021-07-19T08:33:13","modified_gmt":"2021-07-19T12:33:13","slug":"global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2\/","title":{"rendered":"Global Partners Announces Cash Distributions on Series A and B Preferred Units"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><strong>Global Partners Announces Cash Distributions on Series A and B Preferred Units<\/strong><\/p>\n<p>WALTHAM, Mass.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nGlobal Partners LP (NYSE: GLP) (the \u201cPartnership\u201d) announced today that the Board of Directors (the \u201cBoard\u201d) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership\u2019s Series A preferred units for the period from May 15, 2021 through August 14, 2021. This distribution will be payable on August 16, 2021 to holders of record as of the opening of business on August 2, 2021.\n<\/p>\n<p>\nThe Board also declared a cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership\u2019s Series B preferred units for the period from May 15, 2021 through August 14, 2021. This distribution will be payable on August 16, 2021 to holders of record as of the opening of business on August 2, 2021.\n<\/p>\n<p><b>Non-U.S. Withholding Information<\/b><\/p>\n<p>\nThis press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of GLP\u2019s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, GLP\u2019s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.\n<\/p>\n<p><b>About Global Partners LP <\/b><\/p>\n<p>\nWith approximately 1,550 locations primarily in the Northeast, Global Partners is one of the region\u2019s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol \u201cGLP.\u201d For additional information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2FWWW.GLOBALP.COM&amp;esheet=52461495&amp;newsitemid=20210719005083&amp;lan=en-US&amp;anchor=www.globalp.com&amp;index=1&amp;md5=04203eaab6702c5f27b48e41df0c8763\">www.globalp.com<\/a>.\n<\/p>\n<p><b>Forward-looking Statements<br \/>\n<br \/><\/b>Certain statements and information in this press release may constitute \u201cforward-looking statements.\u201d The words \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201cforesee,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201ccould\u201d or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Global\u2019s current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership\u2019s control) including, without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products we sell and the services that we provide, uncertainty around the impact of the COVID-19 pandemic to our counterparties and our customers and their corresponding ability to perform their obligations and\/or utilize the products we sell and\/or services we provide, uncertainty around the impact and duration of federal, state and municipal regulations related to the COVID-19 pandemic, and assumptions that could cause actual results to differ materially from the Partnership\u2019s historical experience and present expectations or projections.\n<\/p>\n<p>\nFor additional information regarding known material factors that could cause actual results to differ from the Partnership\u2019s projected results, please see Global\u2019s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.\n<\/p>\n<p>\nReaders are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Global undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210719005083r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210719005083\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210719005083\/en\/<\/a><\/span><\/p>\n<p>\nDaphne H. Foster<br \/>\n<br \/>Chief Financial Officer<br \/>\n<br \/>Global Partners LP<br \/>\n<br \/>(781) 894-8800\n<\/p>\n<p>\nSean T. Geary<br \/>\n<br \/>Interim General Counsel and Vice President \u2013 Mergers &amp; Acquisitions<br \/>\n<br \/>Global Partners LP<br \/>\n<br \/>(781) 894-8800\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Trucking Retail Convenience Store Logistics\/Supply Chain Management Oil\/Gas Transport Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210719005083\/en\/827241\/3\/New_GLOBAL_LOGO-registered.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Global Partners Announces Cash Distributions on Series A and B Preferred Units WALTHAM, Mass.&#8211;(BUSINESS WIRE)&#8211; Global Partners LP (NYSE: GLP) (the \u201cPartnership\u201d) announced today that the Board of Directors (the \u201cBoard\u201d) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership\u2019s Series A preferred units for the period from May 15, 2021 through August 14, 2021. This distribution will be payable on August 16, 2021 to holders of record as of the opening of business on August 2, 2021. The Board also declared a cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership\u2019s Series B preferred units &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Global Partners Announces Cash Distributions on Series A and B Preferred Units&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-514446","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Global Partners Announces Cash Distributions on Series A and B Preferred Units - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Partners Announces Cash Distributions on Series A and B Preferred Units - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Global Partners Announces Cash Distributions on Series A and B Preferred Units WALTHAM, Mass.&#8211;(BUSINESS WIRE)&#8211; Global Partners LP (NYSE: GLP) (the \u201cPartnership\u201d) announced today that the Board of Directors (the \u201cBoard\u201d) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership\u2019s Series A preferred units for the period from May 15, 2021 through August 14, 2021. This distribution will be payable on August 16, 2021 to holders of record as of the opening of business on August 2, 2021. The Board also declared a cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership\u2019s Series B preferred units &hellip; Continue reading &quot;Global Partners Announces Cash Distributions on Series A and B Preferred Units&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-19T12:33:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210719005083r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Global Partners Announces Cash Distributions on Series A and B Preferred Units\",\"datePublished\":\"2021-07-19T12:33:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2\\\/\"},\"wordCount\":724,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210719005083r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/global-partners-announces-cash-distributions-on-series-a-and-b-preferred-units-2\\\/\",\"name\":\"Global Partners Announces Cash Distributions on Series A and B Preferred Units - 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