Steel Partners Holdings Declares Regular Quarterly Distribution On its Series A Preferred Units

Rhea-AI Summary

Steel Partners Holdings L.P. declared a regular quarterly cash distribution of $.375 per unit on its 6% Series A Preferred Units, payable on June 15, 2024. The distribution is subject to the discretion of the board of directors based on various 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 $.375 per unit, payable June 15, 2024, to unitholders of record as of June 1, 2024, 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/20240507820561/en/

For more information, contact:

Jennifer Golembeske

212-520-2300

jgolembeske@steelpartners.com

Source: Steel Partners Holdings L.P.

FAQ

What is the stock symbol of Steel Partners Holdings?

The stock symbol of Steel Partners Holdings is SPLP.

When will the regular quarterly cash distribution be payable?

The regular quarterly cash distribution will be payable on June 15, 2024.

What is the amount of the regular quarterly cash distribution per unit?

The regular quarterly cash distribution is $.375 per unit.

What are the factors that will determine future distributions on Series A Preferred Units?

Future distributions on Series A Preferred Units will be determined based on factors such as the company's results of operations, cash flows, financial position, and capital requirements.