Landmark Infrastructure Partners LP Announces Cash Distribution for its 8.00% Series A Preferred Units

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Landmark Infrastructure Partners LP (NASDAQ: LMRK) announced a quarterly cash distribution of $0.500 per Series A Cumulative Redeemable Perpetual Preferred Unit (NASDAQ: LMRKP), payable on October 15, 2020, to unitholders of record by October 1, 2020. The distribution is entirely attributed to U.S. dividend income from a Real Estate Investment Trust (REIT). The release included forward-looking statements and highlighted that no income is effectively connected to U.S. trade or business for foreign investors. More details are available in the company’s risk factors section in the Annual Report.

Positive

• Quarterly cash distribution of $0.500 per Series A Preferred Unit announced.
• Distribution payable to unitholders enhances investor returns.

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• None.

EL SEGUNDO, Calif., Sept. 18, 2020 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the “Partnership”) (NASDAQ: LMRK) announced today that the board of directors of its general partner declared a quarterly cash distribution for its 8.00% Series A Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (NASDAQ: LMRKP) of $0.500 per Series A Preferred Unit, payable on October 15, 2020, to Series A Preferred Unitholders of record as of October 1, 2020.

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, renewable power generation and digital infrastructure 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 distribution consists of the following components:

Series A Preferred Units
Effectively Connected Income		$0.000
U.S. Dividend Income from REIT		$0.500

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, 2019, 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:	Marcelo Choi
	Vice President, Investor Relations
	(213) 788-4528
	ir@landmarkmlp.com

 

FAQ

What is the cash distribution amount announced by Landmark Infrastructure Partners LP?

Landmark Infrastructure Partners LP announced a cash distribution of $0.500 per Series A Preferred Unit.

When will the cash distribution for LMRK be paid?

The cash distribution will be paid on October 15, 2020, to unitholders of record as of October 1, 2020.

What is the source of the cash distribution for Landmark Infrastructure Partners LP?

The distribution is entirely attributed to U.S. dividend income from a Real Estate Investment Trust (REIT).

Is any part of the cash distribution for LMRK effectively connected to U.S. trade or business?

No, the press release states that zero percent of the Partnership’s distributions to foreign investors are attributed to income effectively connected with a U.S. trade or business.