EL SEGUNDO, Calif., Oct. 22, 2018 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the “Partnership”)
(NASDAQ: LMRK) announced today that the board of directors of its general partner (the “Board”) declared a quarterly cash
distribution for its 7.90% Series B Cumulative Redeemable Perpetual Preferred Units (the “Series B Preferred Units”) (NASDAQ:
LMRKO) of $0.49375 per Series B Preferred Unit, payable on November 15, 2018, to Series B Preferred Unitholders of record as of
November 1, 2018.
The Board also declared a quarterly cash distribution for the Series C Floating-to-Fixed Rate Cumulative
Perpetual Redeemable Convertible Preferred Units (the “Series C Preferred Units”) (NASDAQ: LMRKN) of $0.4382 per Series C Preferred
Unit, payable on November 15, 2018, to Series C Preferred Unitholders of record as of November 1, 2018. The quarterly
distribution of $0.4382 per Series C Preferred Unit is based on the distribution rate calculation equal to the greater of (i) 7.00%
per annum, and (ii) an annual floating rate of the three-month LIBOR on the distribution determination date of August 13, 2018 plus
a spread of 4.698% per annum.
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.
Notice
This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4)
and (d). Please note that we believe that zero percent of the Partnership’s distributions to foreign investors are
attributable to income that is effectively connected with a United States trade or business, and we believe that 100 percent is
attributable to dividend income from a real estate investment trust subject to withholding under Internal Revenue Code Section
1441. Nominees, and not the Partnership, are treated as withholding agents responsible for withholding distributions received
by them on behalf of foreign investors.
The distributions consist of the following components:
Series B Preferred Units
Effectively Connected Income
U.S. Dividend Income from REIT
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$0.00
$0.49375 |
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Series C Preferred Units
Effectively Connected Income
U.S. Dividend Income from REIT
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$0.00
$0.4382 |
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Cautionary Note Regarding 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. For more information concerning factors that could
cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the “Risk Factors”
section of our Annual Report on Form 10-K for the year ended December 31, 2017, as supplemented by our Quarterly Reports on Form
10-Q and Current Reports on Form 8-K filed with the SEC. 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.
CONTACT: |
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Marcelo Choi
Vice President, Investor Relations
(213) 788-4528
ir@landmarkmlp.com |
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