Höegh LNG Partners LP Cash Distributions for the First Quarter 2022

Rhea-AI Summary

Höegh LNG Partners LP (NYSE: HMLP) declared a quarterly cash distribution of $0.01 per common unit for the quarter ended March 31, 2022, payable on May 13, 2022, to unitholders of record as of May 2, 2022.

Additionally, the Board announced a cash distribution of $0.546875 per 8.75% Series A preferred unit, payable on May 16, 2022, to preferred unitholders of record as of May 9, 2022. The release includes forward-looking statements subject to various risks, uncertainties, and factors affecting future results.

Positive

• Quarterly cash distribution of $0.01 per common unit declared.
• Additional cash distribution of $0.546875 per 8.75% Series A preferred unit.

Negative

• None.

News Market Reaction – HMLP

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In the trading session that priced this news, HMLP declined 3.20%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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HAMILTON, Bermuda, April 21, 2022 /PRNewswire/ -- Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP) announced today that its board of directors (the "Board") has declared a quarterly cash distribution with respect to the quarter ended March 31, 2022, of $0.01 per unit for the common units. The cash distribution for the common units will be paid on May 13, 2022, to all common unitholders of record as of the close of the business on May 2, 2022.

The Partnership also announced that the Board declared a cash distribution of $0.546875 per 8.75% Series A preferred unit. The cash distribution for the 8.75% Series A preferred units will be paid on May 16, 2022, to all 8.75% Series A preferred unitholders of record as of the close of the business on May 9, 2022.

This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Factors that can affect future results are discussed in the registration statement filed by Höegh LNG Partners LP with the U.S. Securities and Exchange Commission (SEC), which is available via the SEC's web site at www.sec.gov. Höegh LNG Partners LP undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

Contact:
The IGB Group, Bryan Degnan, +1 (646) 673-9701 / Leon Berman, +1 (212) 477-8438

View original content:https://www.prnewswire.com/news-releases/hoegh-lng-partners-lp-cash-distributions-for-the-first-quarter-2022-301530479.html

SOURCE Hoegh LNG Partners LP

FAQ

What is the cash distribution declared by Höegh LNG Partners LP for common units?

Höegh LNG Partners LP declared a cash distribution of $0.01 per common unit.

When will the cash distribution for common units be paid?

The cash distribution for common units will be paid on May 13, 2022.

What amount was declared for the Series A preferred unit distribution?

The cash distribution for the Series A preferred units is $0.546875.

When is the Series A preferred distribution payment date?

The Series A preferred distribution will be paid on May 16, 2022.

What is the record date for the common unit cash distribution?

The record date for the common unit cash distribution is May 2, 2022.