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
Navios Maritime Partners L.P. Increases Cash Distribution by 1.3% to $0.405 per Unit
| Source: Navios Maritime Partners L.P.
PIRAEUS, GREECE--(Marketwire - October 27, 2009) - Navios Maritime Partners L.P. ("Navios
Partners") (NYSE : NMM ) announced today that its Board of Directors has
declared a cash distribution of $0.405 per unit for the third quarter ended
September 30, 2009. This distribution represents a 1.3% increase over the
prior quarter's distribution of $0.40 per unit and an annual distribution
of $1.62 per unit. The cash distribution will be payable on November 12,
2009 to unit holders of record as of November 9, 2009.
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.