KILGORE, Texas, Feb. 1, 2012 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") announced today that the Partnership has put in place a Direct Purchase and Sale Plan for MMLP common units (the "Plan") through The Bank of New York Mellon (the "Bank"). The Plan will enable first-time investors a convenient alternative for buying and selling MMLP common units. The Plan will also allow current unitholders to buy more units or to sell units they already own. All participants in the Plan will have the option of reinvesting their quarterly cash distributions on all or any part of their common unit(s) to purchase additional common units.
Ruben Martin, President and Chief Executive Officer of the Partnership's general partner, Martin Midstream GP LLC, said "We are pleased to announce this convenient way for the public to access, transact and join our Partnership. We believe the Plan will increase MMLP's overall trading liquidity providing benefit to all owners of the Partnership's common units."
To enroll in the Plan, first-time investors and current unitholders can go to the Bank's website at www.bnymellon.com/shareowner/equityaccess or contact the Bank at (800) 301-0911. Current investors will need to provide their 12-digit investor ID number which can be found on their cash distribution check stub or their direct deposit confirmation. The Plan is effective immediately and is subject to certain investor rules and restrictions.
Complete copies of the Plan's governing documents on the Bank's website at https://isd.bnymellon.com/planMaterial/allbrowsers/martinmidstream_v1/index.html. Or, should investors prefer to receive a hard copy of the Plan documents, please call (866) 353-7849.
About Martin Midstream Partners L.P. (Nasdaq:MMLP)
Martin Midstream Partners is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: terminalling and storage services for petroleum products and by-products; natural gas gathering, processing and storage, natural gas liquids distribution services; marine transportation services for petroleum products and by-products; and sulfur and sulfur-based products processing, manufacturing, marketing and distribution.
Additional information concerning Martin Midstream is available on its website at www.martinmidstream.com.