HAMILTON, Bermuda, Oct. 22, 2015 /PRNewswire/ -- Höegh LNG Partners LP (NYSE:HMLP) announced today that its board of directors (the "Board") has declared a quarterly cash distribution with respect to the quarter ended September 30, 2015 of $0.3375 per unit. The distribution corresponds to an annualized distribution of $1.35 per unit. The cash distribution will be paid on November 13, 2015 to all unitholders of record as of the close of the business on November 5, 2015.
Further to the October 1, 2015 announcement on the closing of the transfer of the FSRU Höegh Gallant, management of the Partnership reaffirms its previously announced intention to recommend to the Board that it consider an increase to $0.4125 per unit in the Partnership's quarterly cash distribution effective for the distribution with respect to the quarter ending December 31, 2015. Any increased distribution would be conditional upon, among other things, the approval by the Board and the absence of any material adverse developments that would make such an increase inadvisable.
Höegh LNG Partners LP is a growth-oriented limited partnership formed by Höegh LNG Holdings Ltd. (Oslo Børs symbol:HLNG), a leading floating LNG service provider. HMLP's strategy is to own, operate and acquire floating storage and regasification units ("FSRUs"), LNG carriers and other LNG infrastructure assets under long-term charters. Its current fleet consists of interests in four modern FSRUs.
This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Factors that can affect future results are discussed in the registration statement filed by Höegh LNG Partners LP with the U.S. Securities and Exchange Commission (SEC), which is available via the SEC's web site at www.sec.gov. Höegh LNG Partners LP undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
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SOURCE Hoegh LNG Partners LP
Source: PR Newswire
(October 22, 2015 - 4:47 PM EDT)
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