{"id":86230,"date":"2024-10-23T20:52:07","date_gmt":"2024-10-23T20:52:07","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/crossamerica-partners-lp-maintains-quarterly-distribution\/"},"modified":"2024-10-23T20:52:07","modified_gmt":"2024-10-23T20:52:07","slug":"crossamerica-partners-lp-maintains-quarterly-distribution","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/crossamerica-partners-lp-maintains-quarterly-distribution\/","title":{"rendered":"CrossAmerica Partners LP Maintains Quarterly Distribution"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"center\">Allentown, PA, Oct.  23, 2024  (GLOBE NEWSWIRE) &#8212; <\/p>\n<p><strong>CrossAmerica Partners LP Maintains Quarterly Distribution <\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:12pt;\"><strong>Quarterly distribution of $0.5250 per unit attributable to the third quarter of 2024<\/strong><\/li>\n<\/ul>\n<p><strong>ALLENTOWN, PA (October 23, 2024)<\/strong> \u2013 CrossAmerica Partners LP (NYSE: CAPL) announced today that the Board of Directors of its general partner has approved a quarterly distribution of $0.5250 per unit attributable to the third quarter of 2024 (annualized $2.10 per unit). The distribution attributable to the third quarter is payable on November 13, 2024 to all unitholders of record on November 4, 2024.<\/p>\n<p>CrossAmerica will host a conference call on November 7<sup>th<\/sup> at 9:00 a.m. Eastern Time to discuss third quarter 2024 earnings results, which will be released after the market closes on Wednesday, November 6.<\/p>\n<p><strong>About CrossAmerica Partners LP<\/strong><\/p>\n<p>CrossAmerica Partners is a leading wholesale distributor of motor fuels, convenience store operator, and owner and lessor of real estate used in the retail distribution of motor fuels.\u00a0Its general partner, CrossAmerica GP LLC, is indirectly owned and controlled by entities affiliated with Joseph V. Topper, Jr., the founder of CrossAmerica Partners and a member of the board of the general partner since 2012. Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,600 locations and owns or leases approximately 1,100 sites. With a geographic footprint covering 34 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Marathon, Valero, Phillips 66 and other major brands. CrossAmerica Partners ranks as one of ExxonMobil&#8217;s largest distributors by fuel volume in the United States and in the top 10 for additional brands. For additional information, please visit <a href=\"http:\/\/www.crossamericapartners.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.crossamericapartners.com\">www.crossamericapartners.com<\/a>.<\/p>\n<p><strong>Forward Looking Statement<\/strong><\/p>\n<p>Statements contained in this release that state the Partnership\u2019s or management&#8217;s expectations or predictions of the future are forward-looking statements. The words &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;should,&#8221; &#8220;intends,&#8221; &#8220;estimates,&#8221; &#8220;target,&#8221; &#8220;plan&#8221; and other similar expressions identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see CrossAmerica&#8217;s Forms 10-Q or Form 10-K filed with the Securities and Exchange Commission and available on CrossAmerica&#8217;s website at <a href=\"http:\/\/www.crossamericapartners.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.crossamericapartners.com\">www.crossamericapartners.com<\/a>. The Partnership undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.<\/p>\n<p>Note to Non-United States Investors: This release is intended to be a qualified notice under Treasury Regulation Section\u00a01.1446-4. Brokers and nominees should treat one hundred percent (100%)\u00a0of CrossAmerica Partners LP\u2019s distributions to non-U.S. investors as attributable to income that is effectively connected with a United States trade or business. Accordingly, CrossAmerica Partners LP\u2019s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.<\/p>\n<p align=\"justify\"><strong>Contact<\/strong> \u2013 Randy Palmer, <a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/10\/23\/2968219\/0\/en\/mailto:rpalmer@caplp.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"rpalmer@caplp.com\">rpalmer@caplp.com<\/a> or 610-625-8000<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MWM0MGQ4ZmYtYmZiZC00ZGFlLWFmMWEtYmY0ZmNmMWRmMWFhLTEwMjA4MTc=\/tiny\/CrossAmerica-Partners.png\" referrerpolicy=\"no-referrer-when-downgrade\"\/>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Allentown, PA, Oct. 23, 2024 (GLOBE NEWSWIRE) &#8212; CrossAmerica Partners LP Maintains Quarterly Distribution Quarterly distribution of $0.5250 per unit attributable to the third quarter of 2024 ALLENTOWN, PA (October 23, 2024) \u2013 CrossAmerica Partners LP (NYSE: CAPL) announced today that the Board of Directors of its general partner has approved a quarterly distribution of 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