Landmark Infrastructure Partners LP Announces Quarterly Distribution; Schedules Second Quarter 2021 Earnings Release and Conference Call

Rhea-AI Summary

Landmark Infrastructure Partners LP (NASDAQ: LMRK) declared a cash distribution of $0.20 per common unit, equating to $0.80 annually, for the quarter ending June 30, 2021. This distribution is scheduled for payment on August 13, 2021, to shareholders recorded by August 3, 2021. Earnings results are anticipated to be released before market opening on August 4, 2021, followed by a conference call at 12 PM ET to discuss the results, although no Q&A session will be included.

Positive

• Quarterly cash distribution of $0.20 per common unit announced.
• Annualized distribution yield of $0.80 per common unit.
• Upcoming earnings release on August 4, 2021.

Negative

• None.

EL SEGUNDO, Calif., July 23, 2021 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the “Partnership”) (NASDAQ: LMRK) announced today that the board of directors of its general partner declared a cash distribution of $0.20 per common unit, or $0.80 per common unit on an annualized basis, for the quarter ended June 30, 2021. The distribution is payable on August 13, 2021, to common unitholders of record as of August 3, 2021.

The Partnership plans to publicly release its second quarter 2021 earnings results prior to the opening of U.S. financial markets on Wednesday, August 4, 2021. Interested parties are invited to listen to a conference call hosted by management discussing the Partnership’s earnings results. The conference call will be limited to management’s prepared remarks, with no question-and-answer session following the remarks.

Webcast Information
Event: Q2 2021 Landmark Infrastructure Partners LP Earnings Call
Date: Wednesday, August 4, 2021
Time: 12:00 p.m. Eastern Time
Webcast: https://edge.media-server.com/mmc/p/pq8ybeft

Conference Call Information
U.S. and Canada: 877-930-8063
International: 253-336-7764
Participant Passcode: 6179776

Replay Information
A webcast replay will be available approximately two hours after the completion of the conference call through August 4, 2022 at https://edge.media-server.com/mmc/p/pq8ybeft.

An audio replay is also available through August 13, 2021.
Dial-in: 855-859-2056 or 404-537-3406
Participant Passcode: 6179776

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, digital infrastructure, 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 distribution consists of the following components:

Common Units
Effectively Connected Income	$0.00
U.S. Dividend Income from REIT	$0.20

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, 2020, 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 announced by Landmark Infrastructure Partners LP (LMRK)?

Landmark Infrastructure Partners LP announced a cash distribution of $0.20 per common unit for the quarter ended June 30, 2021.

When will the cash distribution be paid to shareholders of LMRK?

The cash distribution is payable on August 13, 2021, to common unitholders of record as of August 3, 2021.

When will Landmark Infrastructure Partners LP report its Q2 2021 earnings?

The Partnership plans to release its Q2 2021 earnings results prior to market opening on August 4, 2021.

Is there a conference call following the Q2 earnings release for LMRK?

Yes, there will be a conference call on August 4, 2021, at 12 PM ET to discuss the earnings results.