GLOBAL PARTNERS LP 8-K
Research Summary
AI-generated summary
Global Partners LP Declares Quarterly Distribution on Series B
What Happened
- Global Partners LP announced that the Board of Directors of its general partner, Global GP LLC, declared a quarterly cash distribution of $0.59375 per unit on the Partnership’s 9.50% fixed-rate Series B preferred units for the period November 15, 2025 through February 14, 2026.
- The distribution is payable on February 17, 2026 to unitholders of record as of the opening of business on February 2, 2026. The Partnership attached a press release (Exhibit 99.1) reporting the declaration.
Key Details
- Distribution amount: $0.59375 per Series B preferred unit (annualized $2.375 per unit).
- Stated rate: 9.50% fixed-rate Series B preferred units.
- Record date: Opening of business on February 2, 2026.
- Payment date: February 17, 2026. Press release filed as Exhibit 99.1.
Why It Matters
- This is a scheduled cash distribution for holders of the Series B preferred units and confirms the Partnership is making the expected fixed-rate preferred payment for the period noted.
- Preferred unitholders can expect the stated quarterly cash return; the filing does not report changes to common unit distributions or other corporate actions.
Loading document...