Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit
October 30 2020 - 8:46AM
Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM),
announced today that its Board of Directors has declared a cash
distribution of $0.05 per unit for the quarter ended September 30,
2020. This distribution represents an annualized distribution of
$0.20 per unit.
The cash distribution will be payable on November 13, 2020 to
unit holders of record as of November 9, 2020.
About Navios Maritime Partners L.P.Navios
Partners (NYSE:NMM) is a publicly traded master limited partnership
which owns and operates dry cargo vessels. For more information,
please visit our website at www.navios-mlp.com.
Forward-Looking StatementsThis
press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended) concerning
future events including Navios Partners’ expected cash flow
generation, future contracted revenues, future distributions and
its ability to have a dividend going forward, opportunities to
reinvest cash accretively in a fleet renewal program or otherwise,
potential capital gains, its ability to take advantage of
dislocation in the market and Navios Partners’ growth strategy and
measures to implement such strategy; including expected vessel
acquisitions and entering into further time charters. Words such as
“may,” “expects,” “intends,” “plans,” “believes,” “anticipates,”
“hopes,” “estimates,” and variations of such words and similar
expressions are intended to identify forward-looking
statements.
These forward-looking statements are based on
the information available to, and the expectations and assumptions
deemed reasonable by Navios Partners at the time these statements
were made. Although Navios Partners believes that the expectations
reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to have
been correct. These statements involve risks and are based upon a
number of assumptions and estimates that are inherently subject to
significant uncertainties and contingencies, many of which are
beyond the control of Navios Partners. Actual results may differ
materially from those expressed or implied by such forward-looking
statements.
Factors that could cause actual results to
differ materially include, but are not limited to, risks relating
to: global and regional economic and political conditions including
the impact of the COVID-19 pandemic and efforts throughout the
world to contain its spread, including effects on global economic
activity, demand for seaborne transportation of the products we
ship, the ability and willingness of charterers to fulfil their
obligations to us and prevailing charter rates, shipyards
performing scrubber installations, drydocking and repairs, changing
vessel crews and availability of financing; potential disruption of
shipping routes due to accidents, diseases, pandemics, political
events, piracy or acts by terrorists, including the impact of the
COVID-19 pandemic and the ongoing efforts throughout the world to
contain it; uncertainty relating to global trade, including prices
of seaborne commodities and continuing issues related to seaborne
volume and ton miles, our continued ability to enter into long-term
time charters, our ability to maximize the use of our vessels,
expected demand in the dry cargo shipping sector in general and the
demand for our Panamax, Capesize, Ultra-Handymax and Containerships
in particular, fluctuations in charter rates for dry cargo carriers
and container vessels, the aging of our fleet and resultant
increases in operations costs, the loss of any customer or charter
or vessel, the financial condition of our customers, changes in the
availability and costs of funding due to conditions in the bank
market, capital markets and other factors, increases in costs and
expenses, including but not limited to: crew, insurance,
provisions, port expenses, lube oil, bunkers, repairs, maintenance
and general and administrative expenses, the expected cost of, and
our ability to comply with, governmental regulations and maritime
self-regulatory organization standards, as well as standard
regulations imposed by our charterers applicable to our business,
general domestic and international political conditions,
competitive factors in the market in which Navios Partners
operates; risks associated with operations outside the United
States; and other factors listed from time to time in Navios
Partners’ filings with the Securities and Exchange Commission,
including its Form 20-Fs and Form 6-Ks. Navios Partners expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in Navios Partners’ expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based. Navios Partners
makes no prediction or statement about the performance of its
common units.
Public & Investor Relations Contact:Navios
Maritime Partners L.P.+1.212.906.8645Investors@navios-mlp.com
Nicolas BornozisCapital Link,
Inc.+1.212.661.7566naviospartners@capitallink.com
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