Navios Maritime Midstream Partners L.P. Announces Cash Distribution of $0.4225 per Unit
October 17 2016 - 9:11AM
Navios Maritime Midstream Partners L.P. ("Navios Midstream")
(NYSE:NAP), announced today that its Board of Directors has
declared a cash distribution of $0.4225 per unit for the quarter
ended September 30, 2016. This distribution represents an
annualized distribution of $1.69 per unit.
The cash distribution will be payable on November 10, 2016 to
unit holders of record as of November 8, 2016.
About Navios Maritime Midstream Partners
L.P.Navios Maritime Midstream Partners L.P. is a publicly
traded master limited partnership which owns and operates crude oil
tankers under long-term employment contracts. For more information,
please visit our website at www.navios-midstream.com.
Forward-Looking Statements This
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 and expectations, including with respect to Navios
Midstream’s future dividends and Navios Midstream's 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.
Such statements include comments regarding expected revenue and
time charters. These forward-looking statements are based on the
information available to, and the expectations and assumptions
deemed reasonable by, Navios Midstream at the time these statements
were made. Although Navios Midstream 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 known and unknown risks and
are based upon a number of assumptions and estimates which are
inherently subject to significant uncertainties and contingencies,
many of which are beyond the control of Navios Midstream. 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, the
creditworthiness of our charterers and the ability of our contract
counterparties to fulfill their obligations to us, tanker industry
trends, including charter rates and vessel values and factors
affecting vessel supply and demand, the aging of our vessels and
resultant increases in operation and drydocking costs, the loss of
any customer or charter or vessel, our ability to repay outstanding
indebtedness, to obtain additional financing and to obtain
replacement charters for our vessels, in each case, at commercially
acceptable rates or at all, increases in costs and expenses,
including but not limited to: crew wages, 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,
potential liability from litigation and our vessel operations,
including discharge of pollutants, general domestic and
international political conditions, competitive factors in the
market in which Navios Midstream operates; risks associated with
operations outside the United States; and other factors listed
from time to time in the Navios Midstream's filings with
the Securities and Exchange Commission including its Form
20-Fs and Form 6-Ks. Navios Midstream 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 Midstream's expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based. Navios Midstream makes no prediction
or statement about the performance of its common units.
Investor Relations Contact
Navios Maritime Midstream Partners L.P.
+1.212.906.8647
Investors@navios-midstream.com
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