|Bid||21.47 x 800|
|Ask||22.99 x 800|
|Day's Range||21.53 - 21.99|
|52 Week Range||8.77 - 23.86|
|Beta (5Y Monthly)||1.40|
|PE Ratio (TTM)||7.94|
|Forward Dividend & Yield||2.20 (10.11%)|
|Ex-Dividend Date||Feb 05, 2021|
|1y Target Est||N/A|
Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on April 9, 2021, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on April 12, 2021:
Global Partners LP (NYSE:GLP) ("Global" or the "Partnership") today announced that it has priced an offering of 3,000,000 of its 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference of $25.00 per unit (the "Series B Preferred Units"), at $25.00 per Series B Preferred Unit in an offering registered under the Securities Act of 1933, as amended. Distributions on the Series B Preferred Units will be payable quarterly and are cumulative from and including the date of original issue at a fixed rate of 9.50% per annum of the stated liquidation preference of $25.00. Global intends to use the net proceeds from this offering to reduce indebtedness under its credit agreement. Global expects to close the sale of Series B Preferred Units on March 24, 2021 subject to the satisfaction of customary closing conditions.
Global Partners LP (NYSE:GLP) ("Global" or the "Partnership") today announced that it has commenced a public offering, subject to market and other conditions, of Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference of $25.00 per unit (the "Series B Preferred Units"). Global also expects to grant the underwriters a 30-day option to purchase additional Series B Preferred Units. Global expects to use the net proceeds from this offering to reduce indebtedness under its credit agreement. Stifel, Nicolaus & Company, Incorporated and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.