Navios Maritime Midstream Partners (NAP)

[MisterEC]

Navios Maritime Midstream Partners L.P. Reports Financial Results for the First Quarter of 2016

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Midstream stated “We are pleased to report our results for the first quarter of 2016, in which we recorded $17.7 million of EBITDA and $7.5 million of net income, representing increases of 40.2% and 18.7%, respectively, over the first quarter of 2015. We also announced a distribution of $0.4225 per unit, representing an annualized distribution of $1.69 per unit and a current yield of 13.9%.”

Cash Distribution

The Board of Directors of Navios Midstream declared a cash distribution for the first quarter of 2016 of $0.4225 per unit. The cash distribution is payable on May 12, 2016 to unitholders of record as of May 6, 2016.

http://ih.advfn.com/p.php?pid=nmona&article=71288484