EL SEGUNDO, Calif., April 20, 2016 (GLOBE NEWSWIRE) — Landmark Infrastructure Partners LP (the “Partnership”) (LMRK) announced today that the board of directors of its general partner declared a cash distribution of $0.33 per unit, or $1.32 per unit on an annualized basis, for the quarter ended March 31, 2016. This quarter’s cash distribution, which represents a 14.8% increase over the minimum quarterly distribution and a 1.5% increase compared to the fourth quarter 2015 distribution of $0.325 per unit, marks the fifth consecutive quarter that the Partnership has increased its quarterly cash distribution since its IPO in November 2014. The distribution is payable on May 13, 2016 to unitholders of record as of May 3, 2016.
The Partnership plans to publicly release its first quarter 2016 results prior to the opening of U.S. financial markets on Thursday, May 5, 2016. Interested parties are invited to listen to a conference call hosted by management discussing the Partnership’s earnings results.