{"id":750826,"date":"2023-04-25T09:42:39","date_gmt":"2023-04-25T13:42:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-declares-first-quarter-2023-cash-distribution-of-0-6550-on-common-units\/"},"modified":"2023-04-25T09:42:39","modified_gmt":"2023-04-25T13:42:39","slug":"global-partners-declares-first-quarter-2023-cash-distribution-of-0-6550-on-common-units","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-declares-first-quarter-2023-cash-distribution-of-0-6550-on-common-units\/","title":{"rendered":"Global Partners Declares First-Quarter 2023 Cash Distribution of $0.6550 on Common 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\"><b>Global Partners Declares First-Quarter 2023 Cash Distribution of <\/b><b>$0.6550 on Common Units<\/b><\/p>\n<p>WALTHAM, Mass.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nGlobal Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.6550 per unit ($2.62 per unit on an annualized basis) on all of its outstanding common units from January 1, 2023 through March 31, 2023. The distribution will be paid on May 15, 2023 to unitholders of record as of the close of business on May 9, 2023.<\/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.<\/p>\n<p><b>About Global Partners LP<\/b><\/p>\n<p>\nWith approximately 1,700 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=53386643&amp;newsitemid=20230424005829&amp;lan=en-US&amp;anchor=www.globalp.com&amp;index=1&amp;md5=1a64219f710ebdaa1d927c59db297fa4\">www.globalp.com<\/a>.<\/p>\n<p><b>Forward-looking Statements<\/b><\/p>\n<p>\nCertain 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, 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, and assumptions that could cause actual results to differ materially from the Partnership\u2019s historical experience and present expectations or projections. We believe these assumptions are reasonable given currently available information. Our assumptions and future performance are subject to a wide range of business risks, uncertainties and factors, which are described in our filings with the Securities and Exchange Commission (SEC).<\/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.<\/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.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230424005829r1&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\/20230424005829\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230424005829\/en\/<\/a><\/span><\/p>\n<p>\nGregory B. Hanson<br \/>\n<br \/>Chief Financial Officer<br \/>\n<br \/>Global Partners LP<br \/>\n<br \/>(781) 894-8800<\/p>\n<p>\nSean T. Geary<br \/>\n<br \/>Chief Legal Officer and Secretary<br \/>\n<br \/>Global Partners LP<br \/>\n<br \/>(781) 894-8800<\/p>\n<p><b>KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property<\/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\/20230424005829\/en\/1772444\/3\/1280px-Global_Partners_logo.svg.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 Declares First-Quarter 2023 Cash Distribution of $0.6550 on Common Units WALTHAM, Mass.&#8211;(BUSINESS WIRE)&#8211; Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.6550 per unit ($2.62 per unit on an annualized basis) on all of its outstanding common units from January 1, 2023 through March 31, 2023. The distribution will be paid on May 15, 2023 to unitholders of record as of the close of business on May 9, 2023. Non-U.S. Withholding Information This 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. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-declares-first-quarter-2023-cash-distribution-of-0-6550-on-common-units\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Global Partners Declares First-Quarter 2023 Cash Distribution of $0.6550 on Common 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-750826","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 Declares First-Quarter 2023 Cash Distribution of $0.6550 on Common 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-declares-first-quarter-2023-cash-distribution-of-0-6550-on-common-units\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Partners Declares First-Quarter 2023 Cash Distribution of $0.6550 on Common Units - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Global Partners Declares First-Quarter 2023 Cash Distribution of $0.6550 on Common Units WALTHAM, Mass.&#8211;(BUSINESS WIRE)&#8211; Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.6550 per unit ($2.62 per unit on an annualized basis) on all of its outstanding common units from January 1, 2023 through March 31, 2023. The distribution will be paid on May 15, 2023 to unitholders of record as of the close of business on May 9, 2023. Non-U.S. Withholding Information This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/global-partners-declares-first-quarter-2023-cash-distribution-of-0-6550-on-common-units\/","og_locale":"en_US","og_type":"article","og_title":"Global Partners Declares First-Quarter 2023 Cash Distribution of $0.6550 on Common Units - Market Newsdesk","og_description":"Global Partners Declares First-Quarter 2023 Cash Distribution of $0.6550 on Common Units WALTHAM, Mass.&#8211;(BUSINESS WIRE)&#8211; Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.6550 per unit ($2.62 per unit on an annualized basis) on all of its outstanding common units from January 1, 2023 through March 31, 2023. The distribution will be paid on May 15, 2023 to unitholders of record as of the close of business on May 9, 2023. Non-U.S. Withholding Information This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). 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