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

Rhea-AI Summary

Steel Partners Holdings L.P. (NYSE: SPLP) has announced a regular quarterly cash distribution of $0.375 per unit on its 6% Series A Preferred Units. This payment will be made on March 15, 2022, to unitholders on record as of March 1, 2022. Future distributions will be at the discretion of the board and will depend on various factors including the company's operational results, cash flows, and financial position.

Positive

• Quarterly cash distribution of $0.375 per unit is attractive for investors.
• Preferred stock distribution indicates stable cash flow and financial health.

Negative

• Future distributions are not guaranteed and depend on operational and financial factors.

NEW YORK--(BUSINESS WIRE)-- 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 March 15, 2022, to unitholders of record as of March 1, 2022, 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/20220217005650/en/

Jennifer Golembeske

212-520-2300

jgolembeske@steelpartners.com

Source: Steel Partners Holdings L.P.

FAQ

What is the latest cash distribution announced by Steel Partners Holdings L.P.?

Steel Partners Holdings L.P. has announced a cash distribution of $0.375 per unit on its 6% Series A Preferred Units.

When will the cash distribution for SPLP be paid?

The cash distribution will be paid on March 15, 2022.

Who will receive the cash distribution from Steel Partners?

Unitholders of record as of March 1, 2022, will receive the cash distribution.

Is the cash distribution from SPLP guaranteed in the future?

No, future distributions will be at the discretion of the board and depend on various financial factors.