HAMILTON, Bermuda, Oct. 21, 2016 /PRNewswire/ -- Hoegh LNG Partners LP (the "Partnership") announced today that its board of directors (the "Board") has declared a quarterly cash distribution with respect to the quarter ended September 30, 2016 of $0.4125 per unit. The distribution corresponds to an annualized distribution of $1.65 per unit.
The cash distribution will be paid on November 14, 2016 to all unitholders of record as of the close of the business on November 4, 2016.
Höegh LNG Partners LP is a growth-oriented limited partnership formed by Höegh LNG Holdings Ltd. (Oslo Børs ticker: HLNG), a leading floating LNG service provider. HMLP's strategy is to own, operate and acquire floating storage and regasification units ("FSRUs") and associated LNG infrastructure assets under long-term charters. Its FSRUs have an industry leading average remaining firm contract duration of 13.6 years plus options as of June 30, 2016.
This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Factors that can affect future results are discussed in the registration statement filed by Höegh LNG Partners LP with the U.S. Securities and Exchange Commission (SEC), which is available via the SEC's web site at www.sec.gov. Höegh LNG Partners LP undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
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SOURCE Hoegh LNG Partners LP