Landmark Infrastructure Partners LP (the “Partnership”), Landmark Dividend’s publicly-traded affiliate, has announced the rollout of its Unit Exchange Program (UEP), a product that allows property owners to contribute their infrastructure ground lease to the Partnership in exchange for common units in the Partnership.
Select features of the Unit Exchange program are as follows:
“Our Unit Exchange Program offers compelling benefits for ground lease property owners with a cell tower, rooftop antenna, billboard, wind turbine or solar project on their property,” said Jeff Knyal, Vice Chairman of Landmark Dividend. “Not only is their rental income replaced with the distributions made by the Partnership, but the transaction itself may be tax-deferred and offers greater diversification than having an income stream from a single asset.”
To learn more about the Unit Exchange Program, please view the informational UEP video below. Links to download a two-page flyer and FAQs about the UEP are directly under the video box. Ground lease landlords can also contact Landmark Dividend at 1-800-843-2024 for more information.
The Partnership has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for the offering. Before you invest, you should read the prospectus in that registration statement and other documents the Partnership has filed with the SEC for more complete information about the Partnership and the UEP. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov. Alternatively, the Partnership will arrange to send you the prospectus if you request it by calling toll-free 1-800-843-2024.
Any offering of UEP units will be made solely by means of the prospectus included in the registration statement and the related documents the Partnership has filed with the SEC.
About Landmark Infrastructure Partners LP
The Partnership is a growth-oriented master limited partnership formed to acquire, own and manage a portfolio of real property interests that the Partnership leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. Headquartered in El Segundo, California, the Partnership’s real property interests consist of a diversified portfolio of long-term and perpetual easements, tenant lease assignments and fee simple properties located in 49 states and the District of Columbia, entitling the Partnership to rental payments from leases on more than 1,400 tenant sites.
Cautionary Note Regarding Forward Looking Statements
Statements that do not relate strictly to historical or current facts are forward-looking and involve risks and uncertainties including, among others, that our business plans and assets may change as circumstances warrant. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC. Any forward-looking statements in this press release are made as of the date of this press release and the Partnership undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or of which the Partnership becomes aware, after the date hereof, unless required by law.