2013-01-17 23:00:13 -
Lehigh Gas Partners LP Declares Cash Distribution
For Fourth Quarter 2012
ALLENTOWN, PA (January 17, 2013) - Lehigh Gas Partners LP (NYSE:LGP) announced
today that the Board of Directors of its general partner, Lehigh Gas GP LLC, has
declared a quarterly cash distribution of $0.2948 per unit on all of its
outstanding units. This cash distribution represents a prorated amount that, on
an equivalent, full-quarter basis, would be equal to Lehigh Gas Partners'
minimum quarterly distribution of $0.4375 per unit per quarter ($1.75 per unit
on an annualized basis). This prorated amount corresponds to the period from the
closing date of
Lehigh Gas Partners' initial public offering on October
30, 2012 through the end of its fiscal quarter on December 31, 2012. All unit
holders of record at the close of business on February 1, 2013 will receive the
cash dividend on February 15, 2013.
About Lehigh Gas Partners
Lehigh Gas Partners, headquartered in Allentown, Pa., was formed to engage in
the wholesale distribution of motor fuels and to own and lease real estate used
in the retail distribution of motor fuels. Lehigh Gas Partners owns and leases
sites located in nine states: Pennsylvania, New Jersey, Ohio, Florida, New York,
Massachusetts, Kentucky, New Hampshire and Maine. For additional information,
please visit www.lehighgaspartners.com.
This news release contains "forward-looking statements," which are based on
current plans and expectations and involve a number of risks and uncertainties
that could cause actual results and events to vary materially. For a full
discussion of these risks and uncertainties, please refer to the "Risk Factors"
section of the Registration Statement on Form S-1 initially filed by Lehigh Gas
Partners LP on May 11, 2012 and the information included in subsequent
amendments and other filings. These forward-looking statements are based on and
include our expectations as of the date hereof. Subsequent events and market
developments could cause our expectations to change. While we may elect to
update these forward-looking statements at some point in the future, we
specifically disclaim any obligation to do so, even if new information becomes
available, except as may be required by applicable law.
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Vice President, Investor Relations
Lehigh Gas Partners
Vice President, Public Affairs, Corporate Communications & Philanthropy
Lehigh Gas Partners
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Source: Lehigh Gas Partners LP via Thomson Reuters ONE