NEW YORK--(BUSINESS WIRE)--Nov. 16, 2017--
Steel Partners Holdings L.P. (NYSE:SPLP), a diversified global holding
company, today announced that its board of directors has declared a
regular quarterly cash distribution of $.375 per unit, payable December
15, 2017, to unitholders of record as of December 1, 2017, on its 6%
Series A Preferred Units, no par value, that are currently listed on the
New York Stock Exchange (the “NYSE”) under the ticker symbol “SPLPPRA.”
The company’s board of directors has also declared a regular quarterly
cash distribution of $.271 per unit (representing the amount of the
regular quarterly distribution pro rated from the October 12, 2017 date
of issuance), payable December 15, 2017, to unitholders of record as of
December 1, 2017, on its 6% Series A Preferred Units, no par value, that
are currently listed on the NYSE under the temporary ticker symbol
“SPLPPRT.”
Any future determination to declare distributions on its Series A
Preferred Units, and any determination to pay such distributions in cash
or in kind, or a combination thereof, will remain at the discretion of
Steel Partners’ board of directors and will be dependent upon a number
of factors, including the company’s results of operations, cash flows,
financial position and capital requirements, among others.
About Steel Partners Holdings L.P.
Steel Partners Holdings L.P. is a diversified global holding company
that engages in multiple businesses through consolidated subsidiaries,
associated companies and other interests. It owns and operates
businesses and has significant interests in leading companies in various
industries, including diversified industrial products, energy, defense,
supply chain management and logistics, banking and youth sports.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171116006430/en/
Source: Steel Partners Holdings L.P.
PondelWilkinson Inc.
Roger S. Pondel, 310-279-5965
rpondel@pondel.com
