Global Partners declares Series B preferred cash distribution
Global Partners LP announced that the Board of Directors of its general partner has declared a quarterly cash distribution on its 9.50% fixed-rate Series B preferred units.
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Rhea-AI Filing Summary
Global Partners LP announced that the Board of Directors of its general partner has declared a quarterly cash distribution on its 9.50% fixed-rate Series B preferred units. The distribution is $0.59375 per unit, which equals $2.375 per unit on an annualized basis, for the period from November 15, 2025 through February 14, 2026. The Partnership will pay this cash distribution on February 17, 2026 to Series B preferred unitholders of record as of the opening of business on February 2, 2026.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Global Partners LP (GLP) announce regarding its Series B preferred units?
Global Partners LP announced that the Board of Directors of its general partner declared a quarterly cash distribution on its 9.50% fixed-rate Series B preferred units.
How much is the quarterly cash distribution on GLPs Series B preferred units?
The quarterly cash distribution is $0.59375 per Series B preferred unit, equal to $2.375 per unit on an annualized basis.
What period does the declared Series B preferred distribution for GLP cover?
The declared distribution covers the period from November 15, 2025 through February 14, 2026.
When will Global Partners LP pay the Series B preferred cash distribution?
Global Partners LP will pay the cash distribution on February 17, 2026.
Who is eligible to receive the Global Partners LP Series B preferred distribution?
Series B preferred unitholders of record as of the opening of business on February 2, 2026 are eligible to receive the distribution.
Which Global Partners LP securities are listed on the New York Stock Exchange?
Global Partners LP has its Common Units representing limited partner interests (symbol GLP) and its 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests (symbol GLP pr B) listed on the New York Stock Exchange.
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