CrossAmerica Partners LP Maintains Quarterly Distribution
23 Outubro 2023 - 5:20PM
CrossAmerica Partners LP Maintains Quarterly
Distribution
- Quarterly distribution of
$0.5250 per unit attributable to the third quarter of
2023
ALLENTOWN, PA (October 23, 2023) – CrossAmerica
Partners LP (NYSE: CAPL) announced today that the Board of
Directors of its general partner has approved a quarterly
distribution of $0.5250 per unit attributable to the third quarter
of 2023 (annualized $2.10 per unit). The distribution attributable
to the third quarter is payable on November 10, 2023 to all
unitholders of record on November 3, 2023.
CrossAmerica will host a conference call on November 8th at 9:00
a.m. Eastern Time to discuss third quarter 2023 earnings results,
which will be released after the market closes on Tuesday, November
7.
About CrossAmerica Partners LP
CrossAmerica Partners is a leading wholesale distributor of
motor fuels, convenience store operator, and owner and lessor of
real estate used in the retail distribution of motor
fuels. Its general partner, CrossAmerica GP LLC, is indirectly
owned and controlled by entities affiliated with Joseph V. Topper,
Jr., the founder of CrossAmerica Partners and a member of the board
of the general partner since 2012. Formed in 2012, CrossAmerica
Partners LP is a distributor of branded and unbranded petroleum for
motor vehicles in the United States and distributes fuel to
approximately 1,700 locations and owns or leases approximately
1,100 sites. With a geographic footprint covering 34 states, the
Partnership has well-established relationships with several major
oil brands, including ExxonMobil, BP, Shell, Sunoco, Valero, Gulf,
Citgo, Marathon and Phillips 66. CrossAmerica Partners ranks as one
of ExxonMobil's largest distributors by fuel volume in the United
States and in the top 10 for additional brands. For additional
information, please visit www.crossamericapartners.com.
Forward Looking Statement
Statements contained in this release that state the
Partnership’s or management's expectations or predictions of the
future are forward-looking statements. The words "believe,"
"expect," "should," "intends," "estimates," "target," "plan" and
other similar expressions identify forward-looking statements. It
is important to note that actual results could differ materially
from those projected in such forward-looking statements. For more
information concerning factors that could cause actual results to
differ from those expressed or forecasted, see CrossAmerica's Forms
10-Q or Form 10-K filed with the Securities and Exchange Commission
and available on CrossAmerica's website at
www.crossamericapartners.com. The Partnership undertakes no
obligation to publicly update or revise any statements in this
release, whether as a result of new information, future events or
otherwise.
Note to Non-United States Investors: This release is intended to
be a qualified notice under Treasury Regulation
Section 1.1446-4. Brokers and nominees should treat one
hundred percent (100%) of CrossAmerica Partners LP’s
distributions to non-U.S. investors as attributable to income that
is effectively connected with a United States trade or business.
Accordingly, CrossAmerica Partners LP’s distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
Contact – Randy Palmer,
rpalmer@caplp.com or 610-625-8000
CrossAmerica Partners (NYSE:CAPL)
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