Landmark Infrastructure Partners LP Announces Cash Distributions for its Series B and Series C Preferred Units
Landmark Infrastructure Partners LP - Common Units (LMRK)
Last landmark infrastructure partners lp - common units earnings: 2/27 08:00 am
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Source: GlobeNewswire
EL SEGUNDO, Calif., July 22, 2020 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the “Partnership”) (NASDAQ: LMRK) announced today that the board of directors of its general partner (the “Board”) declared a quarterly cash distribution for its 7.90% Series B Cumulative Redeemable Perpetual Preferred Units (the “Series B Preferred Units”) (NASDAQ: LMRKO) of $0.49375 per Series B Preferred Unit, payable on August 17, 2020, to Series B Preferred Unitholders of record as of August 3, 2020. The Board also declared a quarterly cash distribution for the Series C Floating-to-Fixed Rate Cumulative Perpetual Redeemable Convertible Preferred Units (the “Series C Preferred Units”) (NASDAQ: LMRKN) of $0.4375 per Series C Preferred Unit, payable on August 17, 2020, to Series C Preferred Unitholders of record as of August 3, 2020. The quarterly distribution of $0.4375 per Series C Preferred Unit is based on the distribution rate calculation equal to the greater of (i) 7.00% per annum,
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