Hoegh LNG Partners LP Third Quarter 2014 Cash Distribution

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Oct 23, 2014, 05:33 ET

LONDON, Oct. 23, 2014 /PRNewswire/ -- Hoegh LNG Partners LP (NYSE:HMLP) announced today that its board of directors has declared a prorated quarterly cash distribution with respect to the quarter ended September 30, 2014 of $0.1834 per unit. The distribution was prorated for the period beginning on August 12, 2014, which was the closing date of Hoegh LNG Partners LP's initial public offering, and ending on September 30, 2014, and corresponds to a quarterly distribution of $0.3375 per outstanding unit, or $1.35 per outstanding unit on an annualized basis. The pro-rated cash distribution will be paid on November 14, 2014 to all unitholders of record as of the close of the business on November 4, 2014.

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Hoegh LNG Partners LP is a growth-oriented limited partnership formed by Hoegh LNG Holdings Ltd. (Oslo Bors symbol:HLNG), a leading floating LNG service provider. HMLP's strategy is to own, operate and acquire floating storage and regasification units ("FSRUs"), LNG carriers and other LNG infrastructure assets under long-term charters. Its current fleet consists of interests in three modern FSRUs.

This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Factors that can affect future results are discussed in the registration statement filed by Hoegh LNG Partners LP with the U.S. Securities and Exchange Commission (SEC), which is available via the SEC's web site at www.sec.gov. Hoegh LNG Partners LP undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

Media contact:
Richard Tyrrell
Chief Executive Officer and Chief Financial Officer
+44 7919 058830
www.hoeghlngpartners.com

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SOURCE Hoegh LNG Partners LP