Steel Partners Holdings Declares Regular Quarterly Distribution on Its Series A Preferred Units

Rhea-AI Summary

Steel Partners Holdings L.P. (NYSE: SPLP) has declared a quarterly cash distribution of $0.375 per unit on its 6% Series A Preferred Units. This distribution is payable on June 15, 2021, to unitholders of record as of June 1, 2021. Future distribution decisions will depend on various factors, including financial performance and cash flow.

Steel Partners is a diversified holding company involved in sectors such as energy, defense, and logistics.

Positive

• Quarterly cash distribution of $0.375 per Series A Preferred Unit announced.
• Distribution reflects commitment to unitholders.

Negative

• Future distributions are subject to board discretion and various operational factors.

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced that its board of directors has declared a regular quarterly cash distribution of $0.375 per unit, payable June 15, 2021, to unitholders of record as of June 1, 2021, on its 6% Series A Preferred Units, no par value ("Series A Preferred").

Any future determination to declare distributions on its units of Series A Preferred, and any determination to pay such distributions in cash or in kind, or a combination thereof, will remain at the discretion of Steel Partners' board of directors and will be dependent upon a number of factors, including the company's results of operations, cash flows, financial position, and capital requirements, among others.

About Steel Partners Holdings L.P.

Steel Partners Holdings L.P. (www.steelpartners.com) is a diversified global holding company that owns and operates businesses and has significant interests in various companies, including diversified industrial products, energy, defense, supply chain management and logistics, direct marketing, banking, and youth sports.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210512006012/en/

FAQ

What is the distribution amount for Steel Partners Holdings L.P. for June 2021?

Steel Partners Holdings L.P. has declared a distribution of $0.375 per unit for June 2021.

When will the cash distribution for SPLP be paid?

The cash distribution will be paid on June 15, 2021.

Who is eligible for the distribution from Steel Partners Holdings?

Unitholders of record as of June 1, 2021, are eligible for the distribution.

How often does Steel Partners declare distributions on its preferred units?

Steel Partners declares distributions quarterly on its Series A Preferred Units.

What factors influence future distributions for SPLP?

Future distributions will depend on factors like financial performance, cash flows, and capital requirements.