NAVIOS MARITIME MIDSTREAM PARTNERS L.P.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Expressed in thousands of U.S. Dollars except unit and per unit data)
As of November 16, 2017, the subordination period, as defined in the limited partnership agreement of
Navios Midstream, expired resulting in the conversion of the 9,342,692 subordinated units into common units. Any future cash distributions will be made in accordance with the terms in the limited partnership agreement applicable to the periods
following the subordination period.
On January 23, 2015, the Board of Directors of Navios Midstream authorized its quarterly cash distribution for
the period November 18, 2014 to December 31, 2014 of $0.1973 per unit. The distribution was paid on February 12, 2015 to all holders of record of common and general partner units on February 9, 2015. The aggregate amount of the
distribution paid was $3,761.
On April 24, 2015, the Board of Directors of Navios Midstream authorized its quarterly cash distribution for the three
month period ended March 31, 2015 of $0.4125 per unit. The distribution was paid on May 12, 2015 to all holders of record of common, subordinated and general partner units on May 6, 2015. The aggregate amount of the distribution paid
was $7,865.
On July 22, 2015, the Board of Directors of Navios Midstream authorized its quarterly cash distribution for the three month period ended
June 30, 2015 of $0.4125 per unit. The distribution was paid on August 12, 2015 to all holders of record of common, subordinated, Series A Units and general partner units on August 6, 2015. The aggregate amount of the distribution
paid was $8,536.
On October 19, 2015, the Board of Directors of Navios Midstream authorized its quarterly cash distribution for the three month
period ended September 30, 2015 of $0.4225 per unit. The distribution was paid on November 13, 2015 to all holders of record of common units, subordinated units, subordinated Series A units and general partner units on November 11,
2015. The aggregate amount of the distribution paid was $8,742.
On January 22, 2016, the Board of Directors authorized its quarterly cash
distribution for the three month period ended December 31, 2015 of $0.4225 per unit. The distribution was paid on February 12, 2016 to all holders of record of common, subordinated, subordinated Series A units and general partner units on
February 9, 2016. The aggregate amount of the distribution paid was $8,742.
On April 21, 2016, the Board of Directors of Navios Midstream
authorized its quarterly cash distribution for the three month period ended March 31, 2016 of $0.4225 per unit. The distribution was paid on May 12, 2016 to all holders of record of common, subordinated, subordinated Series A units and
general partner units on May 6, 2016. The aggregate amount of the distribution paid was $8,742.
On July 21, 2016, the Board of Directors of
Navios Midstream authorized its quarterly cash distribution for the three month period ended June 30, 2016 of $0.4225 per unit. The distribution was paid on August 12, 2016 to all holders of record of common, subordinated, subordinated
Series A units and general partner units on August 10, 2016. The aggregate amount of the distribution paid was $8,811.
On October 17, 2016, the
Board of Directors of Navios Midstream authorized its quarterly cash distribution for the three month period ended September 30, 2016 of $0.4225 per unit. The distribution was paid on November 10, 2016 to all holders of record of common,
subordinated, subordinated Series A units and general partner units on November 8, 2016. The aggregate amount of the distribution paid was $8,885.
On January 23, 2017, the Companys Board of Directors authorized its quarterly cash distribution for the three month period ended December 31,
2016 of $0.4225 per unit. The distribution was paid on February 14, 2017 to all holders of record of common, subordinated, subordinated Series A units and general partner units on February 9, 2017. The aggregate amount of the distribution
paid was $9,019.
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