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Navios Maritime Partners L.P. Buyback

OLI recorded this information on 1/7/2019

Company: Navios Maritime Partners L.P.
Buyback: NMM buyback
$Amount Authorized: $50,000,000
Buyback Details: Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM) announced today that its Board of Directors has authorized a unit repurchase program for up to $50.0 million of the Company's common units over a two-year period. Unit repurchases will be made from time to time for cash in open market transactions at prevailing market prices or in privately negotiated transactions. The timing and amount of repurchases under the program will be determined by Navios Partners' management based upon market conditions and other factors. Repurchases may be made pursuant to a program adopted under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The program does not require any minimum repurchase or any specific number of units of common equity and may be suspended or reinstated at any time in the Company's discretion and without notice. The Board of Directors will review the program periodically. Repurchases will be subject to restrictions under the Company's credit facilities.

Navios Maritime Partners is an international owner and operator of dry cargo vessels. Co.'s customers use its vessels to transport their dry cargo commodities.
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Company Name:  Navios Maritime Partners LP
Stock buyback:  NMM buyback
Sector:  Shipping

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January 27, 2021    10:42 AM Eastern
Quotes delayed 20 minutes

Hold (2.12 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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