Bli medlem
Bli medlem

Du är här

2016-05-05

CrossAmerica Partners LP: Declares 8th Consecutive Quarterly Distribution Increase

CrossAmerica Partners LP Declares 8
th
Consecutive Quarterly Distribution Increase

* Quarterly distribution of $0.5975 per unit attributable to the first
quarter of 2016
* Increase results in the growth of 9.1% in distributions per unit
attributable to the first quarter of 2016 compared to the first quarter of
2015

ALLENTOWN, PA (May 5, 2016)
- CrossAmerica Partners LP (NYSE: CAPL) announced today that the Board of
Directors of its general partner has approved a quarterly distribution of
$0.5975 per unit attributable to the first quarter of 2016 (annualized $2.39
per unit), representing a 0.8 percent increase in the Partnership's cash
distribution per unit from $0.5925 per quarter ($2.37 per unit annualized)
paid with respect to the fourth quarter of 2015 and a 9.1 percent increase
compared with the distribution per unit attributable to the first quarter of
2015. The distribution attributable to the first quarter is payable on May
31, 2016 to all unitholders of record on May 19, 2016.

About CrossAmerica Partners LP

CrossAmerica Partners is a leading wholesale distributor of motor fuels and
owner and lessee of real estate used in the retail distribution of motor
fuels. Its general partner, CrossAmerica GP LLC, is a wholly owned subsidiary
of CST Brands, Inc., one of the largest independent retailers of motor fuels
and convenience merchandise in North America. 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 more than 1,250
locations and owns or leases more than 800 sites. With a geographic footprint
covering 29 states, the Partnership has well-established relationships with
several major oil brands, including ExxonMobil, BP, Shell, Chevron, Sunoco,
Valero, Gulf, Citgo and Marathon. 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
visitwww.crossamericapartners.com.

CrossAmerica Partners has filed its Annual Report on Form 10-K for the fiscal
year ended December 31, 2015 with the U.S. Securities and Exchange Commission
(SEC). The filing can be viewed through a link on the Partnership's website
atwww.crossamericapartners.comor on the SEC's website atwww.sec.gov. The
Partnership's unitholders may also request a printed copy of the report,
which contains the Partnership's audited financial statements. Requests
should be submitted
athttp://www.crossamericapartners.com/investors/information-request/page.a...
by contacting investor relations at 610-625-8005.

Safe Harbor Statement

Statements contained in this release that state the Company'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 the CrossAmerica's
website atwww.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(b). 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.

Contacts
- Karen Yeakel, Investor Relations 610-625-8005 or Randy Palmer, Investor
Relations, 210-692-2160

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CrossAmerica Partners LP via Globenewswire

HUG#2010251

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.