Navios Maritime Midstream Partners L.P. (Navios Midstream) is a publicly listed master limited partnership on the New York Stock Exchange under the symbol “NAP.”
Navios Midstream owns and operates very large crude oil tankers under long-term employment contracts with international oil companies, refiners, and large vessel operators. http://www.navios-midstream.com/Fleet/
Navios Midstream’s initial fleet consists of four VLCCs, which have an average remaining term on their charters of approximately 7.7 years.
Navios Midstream’s Sponsor is Navios Maritime Acquisition Corporation (NYSE: NNA) which currently owns a 55.5% interest in Navios Midstream as well as a 2.0% interest through the general partner which Navios Maritime Acquisition Corporation owns and controls.
Navios Maritime Midstream Partners L.P. Announces Cash Distribution of $0.4225 Per Unit
MONACO, Jan. 22, 2016 (GLOBE NEWSWIRE) -- Navios Maritime Midstream Partners L.P. ("Navios Midstream") (NYSE:NAP), announced today that its Board of Directors has declared a cash distribution of $0.4225 per unit for the quarter ended December 31, 2015. This distribution represents an annualized distribution of $1.69 per unit.
The cash distribution will be payable on February 12, 2016 to unit holders of record as of February 9, 2016.