Global Partners LP 9.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares
By: Tim McPartland,
Date Sold   7/31/2018
Shares Issued  2,400,000  Overallotment Shares  360,000
S&P Rating   NR   Moodys Rating  NR
Security Ticker Symbol   GLP    OTC Grey Market   GLPRU
Market Traded ONÂ Â NYSE
Dividend Payment Paid on the 15th of February, May, August and November beginning on 11/15/2018
Quarterly Dividend  .6094  Annual Dividend 2.43
Securities may be redeemed, at the issuers option, as early as 8/15/2023 for a redemption price of $25/share plus accrued dividends.
Coupon is fixed at 9.75% until 8/14/2023 after which it floats at 6.774% plus 3 month Libor.
Dividend Payment Will NOT be a Qualified Distributions as Global Partners is a MLP
Company will issue a K-1 at tax time to holders of this security.
Maturity Date  None
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Click Here to find the offering Prospectus and/or Final Pricing Document
