Höegh LNG Partners LP Increases Cash Distribution by 22%

Jan 22, 2016, 16:15 ET from Hoegh LNG Partners LP

HAMILTON, Bermuda, Jan. 22, 2016 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP) announced today that its board of directors (the "Board") has declared a quarterly cash distribution with respect to the quarter ended December 31, 2015 of $0.4125 per unit.  This represents an increase of $0.075 per unit or approximately 22% from the third quarter 2015 distribution and is related to the acquisition of the FSRU Höegh Gallant. The distribution corresponds to an annualized distribution of $1.65 per unit.  

The cash distribution will be paid on February 15, 2016 to all unitholders of record as of the close of the business on February 5, 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"), LNG carriers and other LNG infrastructure assets under long-term charters. Its current fleet consists of interests in four modern FSRUs.

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.

Media contact: Richard Tyrrell Chief Executive Officer and Chief Financial Officer +44 7919 058830 www.hoeghlngpartners.com

SOURCE Hoegh LNG Partners LP