Landmark Infrastructure Partners LP Announces Cash Distribution for its 8.00% Series A Preferred Units
Landmark Infrastructure Partners LP (NASDAQ: LMRK) has declared a quarterly cash distribution of $0.500 per Series A Cumulative Redeemable Perpetual Preferred Unit, payable on January 15, 2021, to unitholders on record as of January 4, 2021. The partnership manages a portfolio of real property and infrastructure assets leased to companies in various industries including wireless communication and renewable power generation. It emphasizes that distributions to foreign investors are primarily dividend income from a REIT, subject to U.S. tax withholding.
- Quarterly cash distribution of $0.500 per Series A Preferred Unit announced.
- Clear structure for unitholders, enhancing investor confidence.
- No effectively connected income reported for foreign investors, limiting appeal.
EL SEGUNDO, Calif., Dec. 22, 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
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 | |
| U.S. Dividend Income from REIT |
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 |
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