CrossAmerica Partners LP Approves Quarterly Distribution for the Fourth Quarter of 2016, Payable on February 13, 2017
January 27, 2017 at 04:50 pm
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CrossAmerica Partners LP announced that Board of Directors of its general partner had approved a quarterly distribution of $0.6125 per unit attributable to the fourth quarter of 2016 (annualized $2.45 per unit), representing a 0.8% increase in the Partnership's cash distribution per unit from $0.6075 per quarter ($2.43 per unit annualized) paid with respect to the third quarter of 2016. The distribution attributable to the fourth quarter is payable on February 13, 2017 to all unitholders of record on February 6, 2017.
CrossAmerica Partners LP is a wholesale distributor of motor fuels, convenience store operator, and owner and lessee of real estate used in the retail distribution of motor fuels. The Company operates through two segments: Wholesale, and Retail. The Wholesale segment includes the wholesale distribution of motor fuel to lessee dealers and independent dealers. The Retail segment includes the retail sale of motor fuel at retail sites operated by commission agents and the sale of convenience merchandise items and the retail sale of motor fuel at company operated sites. The Company distributes motor fuel on a wholesale basis to approximately 1,700 sites located in 34 states. The Company owns or leases approximately 1,100 sites, of which it operates 295 as company operated sites. The Company distributes branded motor fuel under the Exxon, Mobil, BP, Shell, Sunoco, Valero, Gulf, Citgo, Marathon, and Phillips 66 brands to its customers.
CROSSAMERICA PARTNERS LP 
