Global Partners LP (GLP): Global Partners Declares Increased Cash...

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Tuesday, 01/22/2013 9:20:20 AM

Tuesday, January 22, 2013 9:20:20 AM

Global Partners Declares Increased Cash Distribution for the Fourth Quarter of 2012

WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 22, 2013-- 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 $0.57 per unit ($2.28 per unit on an annualized basis) on all of its outstanding common units for the period from October 1 through December 31, 2012. The distribution will be paid February 14, 2013 to unitholders of record as of the close of business February 5, 2013.

The distribution to be paid in February 2013 represents a 7% increase over the quarterly distribution of $0.5325 per unit paid in November 2012 and a 14% increase over the quarterly distribution of $0.50 per unit paid in February 2012.
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