EL SEGUNDO, Calif., Aug. 01, 2017 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the “Partnership”) (NASDAQ:LMRK)
announced today the completion of changes to its legal structure which are designed to simplify tax reporting for unitholders,
substantially eliminate unrelated business taxable income (“UBTI”) allocated by the Partnership to tax-exempt investors, including
individuals investing through tax-deferred accounts such as individual retirement accounts (“IRAs”), and ultimately broaden the
Partnership’s potential investor base.
For investors purchasing units after July 2017, the Schedule K-1 received for the 2017 tax year will reflect the
revised structure, and is expected to be simplified to include predominately dividends, other corporate distributions and related
expenses, and is intended to eliminate the amount of state taxable income sourced to states other than the state of residence for
most individual unitholders. These changes are expected to apply to both the common and preferred units and are not expected
to impact the presentation of the Partnership’s financial results.
About Landmark Infrastructure Partners LP
The Partnership owns and manages a portfolio of real property interests and infrastructure assets that the
Partnership leases to companies in the wireless communication, outdoor advertising and renewable power generation industries.
Headquartered in El Segundo, California, the Partnership’s assets include long-term and perpetual easements, tenant lease
assignments and fee simple properties, primarily located in the United States.
Forward Looking Statements
Disclosures in this press release contain certain forward-looking statements within the meaning of the federal
securities laws. Statements that do not relate strictly to historical or current facts are forward-looking. These
statements contain words such as “possible,” “if,” “will,” “expect” and “assuming” and involve risks and uncertainties including,
among others that our business plans may change as circumstances warrant. Accordingly, readers should not place undue
reliance on forward-looking statements as a prediction of actual results. These risks and uncertainties include the risks
that the proposed change in legal structure may not be consummated or the benefits contemplated therefrom may not be realized.
Additional risks include the ability to obtain requisite regulatory and unitholder approval and the satisfaction of the other
conditions to the consummation of the proposed change in structure. Actual results and outcomes may differ materially from
those expressed in such forward-looking statements. Any forward-looking statements in this press release are made as of the
date of this press release and the Partnership undertakes no obligation to update or revise such forward-looking statements to
reflect events or circumstances that occur, or of which the Partnership becomes aware, after the date hereof, unless required by
law. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary
statements contained in the Partnership’s filings with the SEC, including the Partnership’s annual report on Form 10-K for the year
ended December 31, 2016. These risks could cause the Partnership’s actual results to differ materially from those contained
in any forward-looking statement.
CONTACT: Marcelo Choi Vice President, Investor Relations (310) 598-3173 ir@landmarkmlp.com
