GLP declares 9.50% Series B preferred; $0.59375 quarterly
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Global Partners LP (GLP) announced a quarterly cash distribution of $0.59375 per unit on its 9.50% fixed-rate Series B preferred units. The distribution covers the period from August 15, 2025 through November 14, 2025 and is payable on November 17, 2025 to Series B preferred unitholders of record as of the opening of business on November 3, 2025. On an annualized basis, this equates to $2.375 per unit.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did Global Partners (GLP) announce in this 8-K?
GLP declared a quarterly cash distribution of $0.59375 per unit on its 9.50% Series B preferred units.
What is the annualized rate of GLP’s Series B preferred distribution?
The annualized rate is $2.375 per unit.
What period does the declared distribution cover for GLP Series B?
The period is August 15, 2025 through November 14, 2025.
When is the record date for GLP’s Series B preferred distribution?
Unitholders of record as of the opening of business on November 3, 2025 are eligible.
When will GLP pay the Series B preferred distribution?
Payment will be made on November 17, 2025.
Which GLP security is affected by this distribution?
The 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units.