Golar LNG Partners LP Third Quarter 2011 Cash Distribution
Golar LNG Partners LP (NASDAQ: GMLP) announced today that its board of directors
has declared a quarterly cash distribution with respect to the quarter ended
September 30, 2011 of $0.40 per Â unit. This represents an increase of $0.015 per
unit or 3.9 percent from the previous quarter.
As previously announced, following the acquisition of Golar Freeze, the
Partnership's management recommended to the Board that the quarterly
distribution rate be increased to $0.43 per common unit for the quarter ended
December 31, 2011. The Board has however decided to approve an earlier
commencement of part of this increase with the balance of the increase to be
considered for the fourth quarter of 2011. The total recommended increase of
$0.43 per unit represents an 11.7 percent increase in distribution.
This cash distribution will be paid on November 14, 2011 to all unitholders of
record as of the close of the business on November 7, 2011.
Forward looking statements.
This press release includes statements that may constitute forward-looking
statements. Such forward-looking statements are subject to a variety of known
and unknown risks, uncertainties, and other factors that are difficult to
predict and many of which are beyond management's control. Factors that can
affect future results are discussed in the registration statement filed by Golar
LNG Partners LP with the U.S. Securities and Exchange Commission (SEC), which is
available via the SEC's web site at www.sec.gov.Â Golar LNG Partners LP
undertakes no obligation to update or revise any forward-looking statement to
reflect new information or events.
Golar LNG Partners LP
October 27, 2011
Investor relations enquiries:
Golar Management Limited - + 44 207 063 7900
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Source: Golar LNG Partners L.P. via Thomson Reuters ONE