Global Partners (GLP) Raises Quarterly Dividend 1.8% to $0.6925; 8.6% Yield
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Global Partners Declares Increased Cash Distribution for the Second Quarter of 2015
July 22, 2015 8:30 AM EDTWALTHAM, Mass.--(BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.6925 per unit ($2.77 per unit on an annualized basis) on all of its outstanding common units for the period from April 1 through June 30, 2015. The distribution will be paid August 14, 2015... More
GLP Establishes US$7 Billion CLF II
July 20, 2015 7:49 PM EDTSHANGHAI, July 20, 2015 /PRNewswire/ -- GLP, the leading global provider of modern logistics facilities, today announced the establishment of the largest China-focused logistics infrastructure fund, CLF II ("the Fund"). Seven leading global institutions, including some of the world's largest national pension and sovereign wealth funds, are investing alongside GLP to develop modern logistics facilities in China. US$3.7 billion of equity has been committed to the Fund by GLP and investors, with leverage allowing for an investment capacity of US$7 billion to develop 13 million square meters ("sqm") (140 million square feet ("sq ft")) over four years. GLP... More
