GLOBAL PARTNERS LP 8-K
Research Summary
AI-generated summary
Global Partners LP Declares Series B Preferred Quarterly Distribution
What Happened
Global Partners LP announced on April 13, 2026 that the Board of Directors of its general partner, Global GP LLC, declared a quarterly cash distribution of $0.59375 per 9.50% fixed-rate Series B preferred unit (equal to $2.375 per unit annualized) for the period February 15, 2026 through May 14, 2026. The distribution will be paid on May 15, 2026 to Series B preferred unitholders of record as of the opening of business on May 1, 2026. The announcement was made via a press release attached to the Form 8-K.
Key Details
- Distribution amount: $0.59375 per Series B preferred unit (quarterly); $2.375 per unit annualized.
- Security: 9.50% fixed-rate Series B preferred units.
- Covered period: February 15, 2026 – May 14, 2026.
- Record date and payment: record date May 1, 2026 (opening of business); payment date May 15, 2026.
Why It Matters
This filing confirms a scheduled cash distribution for holders of the Series B preferred units, providing a predictable quarterly income payment tied to the 9.50% fixed rate. Investors tracking yield or timing purchases/sales to capture the distribution should note the May 1 record date and May 15 payment date. The disclosure was made under Regulation FD and documented in the Partnership’s press release filed with the 8-K.