OSG America L.P. Announces Suspension of Unitholder Distribution
Business Wire
Oct 29, 2009
OSG America, L.P. (OSG America or the Partnership; NYSE: OSP), the
largest operator of U.S. Flag product carriers and ocean-going barges
transporting refined petroleum products, based on barrel-carrying
capacity, today announced that its Board of Directors, in a
four-to-three vote, has approved the suspension of the third quarter
distribution to both common and subordinated unitholders. The three
independent board members voted against the suspension of distributions
to the common unitholders.
About OSG America L.P.
OSG America L.P. is the largest operator of U.S. Flag product carriers
and ocean-going barges transporting refined petroleum products, based on
barrel-carrying capacity. OSG America has an operating fleet of 23
Handysize product carriers and tug barges that trade primarily in the
Jones Act market. OSG America L.P.'s limited partner units are listed on
the New York Stock Exchange and trade under the symbol "OSP." More
information is available at www.osgamerica.com.
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