EL SEGUNDO, Calif., Nov. 15, 2018 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the “Partnership” or “Landmark”) (LMRK) announced today that the Board of Directors of Landmark Dividend LLC (its “Sponsor”) has approved an LMRK unit purchase program, to be implemented in accordance with Rule 10b18-1 of the Securities Exchange Act of 1934, as amended, that authorizes the Sponsor to periodically acquire up to $20 million of LMRK units in open market purchases. The timing and actual number of units purchased by the Sponsor will depend on a variety of factors including price, market conditions and applicable legal requirements. The unit purchase program does not obligate the Sponsor to purchase any specific number of units and may be suspended or terminated at any time without prior notice.
“As the Sponsor of the Partnership, we believe that Landmark’s unit price significantly undervalues the assets of the Partnership and presents a very attractive investment opportunity,” said Tim Brazy, Chief Executive Officer of the Sponsor. Brazy further noted, “The action to implement this unit purchase program underscores our confidence in the strength of LMRK’s assets, its strategy and long-term outlook.”
About Landmark Infrastructure Partners LP
The Partnership owns and manages a portfolio of real property interests and infrastructure assets that the Partnership leases to companies in the wireless communication, outdoor advertising and renewable power generation industries.
|CONTACT:||Marcelo Choi |
Vice President, Investor Relations