PIRAEUS, GREECE--(Marketwire - October 21, 2008) - Navios Maritime Partners L.P. ("Navios
Partners") (
NYSE:
NMM), an owner and operator of Capesize and Panamax
vessels, announced today that its Board of Directors has declared increased
cash distribution of $0.385 per unit for the third quarter ended September
30, 2008. This distribution represents a 10% increase over the prior
quarter's distribution of $0.35 per unit. The cash distribution will be
payable on November 7, 2008 to unit holders of record as of October 31,
2008.
Navios Partners will announce earnings for the third quarter ended
September 30, 2008 after 4:00 pm EDT, Wednesday, October 22, 2008.
Navios Partners will also host a conference call the day after, Thursday,
October 23, 2008 at 8:30 am EDT, during which Navios Partners' senior
management will discuss the results of the third quarter ended September
30, 2008.
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time
using the following numbers:
US Toll Free Dial In: 1866 819 7111
UK Toll Free Dial In: 0800 953 0329
International Dial In: +44 (0) 1452 542 301
Please quote "NAVIOS MLP."
A telephonic replay of the conference call will be available until October
30, 2008 by dialing the following numbers:
US Toll Free Dial In: 1866 247 4222
UK Toll Free Dial In: 0800 953 1533
International Dial In: +44 1452 550 000
Access Code: 33433537#
Slides and audio webcast:
There will also be a live, and then archived webcast of the conference
call, through the Navios Partners' website (
www.navios-mlp.com) under
"Investors." Participants to the live webcast should register on the
website approximately 10 minutes prior to the start of the webcast.
A supplemental slide presentation will be available on the Navios Partners'
website at
www.navios-mlp.com under the "Investors" section at 7:45 am EDT
on the day of the call.
About Navios Maritime Partners L.P.
Navios Partners (
NYSE:
NMM), a publicly traded master limited partnership
formed by Navios Maritime Holdings Inc (
NYSE:
NM), is an owner and operator
of Capesize and Panamax vessels. For more information, please visit our
website at
www.navios-mlp.com.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and Navios Partners' growth strategy and measures to implement such
strategy; including intended distributions, expected vessel acquisitions
and entering into further time charters. Words such as "expects,"
"intends," "plans," "believes," "anticipates," "hopes," "estimates," and
variations of such words and similar expressions are intended to identify
forward-looking statements. Such statements include comments regarding
expected revenue and time charters. Although the Navios Partners believes
that the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will prove to
have been correct. These statements involve known and unknown risks and are
based upon a number of assumptions and estimates which are inherently
subject to significant uncertainties and contingencies, many of which are
beyond the control of Navios Partners. Actual results may differ materially
from those expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially include, but are not
limited to changes in the demand for dry bulk vessels, competitive factors
in the market in which Navios Partners operates; risks associated with
operations outside the United States; and other factors listed from time to
time in the Navios Partners' filings with the Securities and Exchange
Commission. Navios Partners expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in Navios
Partners' expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
Contact Information: Contacts
Public & Investor Relations Contact:
Navios Maritime Partners L.P.
Investor Relations
Nicolas Bornozis
Capital Link, Inc.
Tel. (212) 661-7566
E-mail: naviospartners@capitallink.com