Navios Maritime Partners L.P. Announces Cash Distribution of $0.05 per Unit
October 30 2024 - 3:10PM
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,
2024. This distribution represents an annualized distribution of
$0.20 per unit.
The cash distribution will be payable on
November 15, 2024 to unit holders of record as of November 12,
2024.
About Navios Maritime Partners
L.P.Navios Partners (NYSE: NMM) is an international owner
and operator of dry cargo and tanker vessels. For more information,
please visit our website at www.navios-mlp.com.
Forward-Looking StatementsThis
press release contains and will contain 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, TCE rates and Navios Partners’
expected cash flow generation, future contracted revenues, future
distributions and its ability to make distributions 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 and Navios Partners’ ability to refinance its debt on
attractive terms, or at all. 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
global economic activity, demand for seaborne transportation of the
products we ship, the ability and willingness of charterers to
fulfill their obligations to us and prevailing charter rates, the
economic condition of the markets in which we operate, shipyards
performing scrubber installations, construction of newbuilding
vessels, drydocking and repairs, changing vessel crews and
availability of financing; potential disruption of shipping routes
due to accidents, wars, sanctions, diseases, pandemics, political
events, piracy or acts by terrorists; 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 and liquid cargo shipping sectors in general and the demand for
our dry bulk, containerships and tanker vessels in particular,
fluctuations in charter rates for dry bulk, containerships and
tanker 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, fluctuation in interest
rates and foreign exchange rates, 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.
ContactsPublic & 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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