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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Canadian Solar Inc | NASDAQ:CSIQ | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.41 | 2.44% | 17.20 | 17.20 | 17.22 | 17.32 | 16.81 | 16.90 | 643,480 | 17:53:22 |
Highlights of the transaction:
“We are very pleased to announce our first direct third-party portfolio acquisition which further demonstrates the Partnership’s commitment to the renewable power generation industry,” said Tim Brazy, Chief Executive Officer of the Partnership’s general partner. “The assets acquired from Recurrent Energy, one of the largest and most established developers in the industry, are extremely attractive. Backed by long-term power purchase agreements with high-quality off-takers, including PG&E and SCE, the portfolio is expected to generate growing and secure cash flows for the Partnership.”
About Landmark Infrastructure Partners LPThe Partnership is a growth-oriented master limited partnership formed to acquire, own and manage a portfolio of real property interests that the Partnership leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. Headquartered in El Segundo, California, the Partnership owns and manages a diversified portfolio of real property interests, which includes long-term and perpetual easements, tenant lease assignments and, to a lesser extent, fee simple properties, primarily located in the United States. As of August 30, 2016, the Partnership’s portfolio consisted of 1,965 tenant sites.
Cautionary Note Regarding Forward Looking Statements
Disclosures in this press release contain certain forward-looking statements within the meaning of the federal securities laws. Statements that do not relate strictly to historical or current facts are forward-looking. These statements contain words such as “possible,” “if,” “will,” “expect” and “assuming” and involve risks and uncertainties including, among others that our business plans may change as circumstances warrant. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results. Examples of forward-looking statements in this press release include the expected closing date of the acquisition, the accretive nature of the transaction, expected cash flows and the potential increase in the Partnership’s third quarter 2016 cash distribution. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC. Any forward-looking statements in this press release are made as of the date of this press release and the Partnership undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or of which the Partnership becomes aware, after the date hereof, unless required by law.
CONTACT: Marcelo Choi Vice President, Investor Relations (310) 598-3173 ir@landmarkmlp.com
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