EL SEGUNDO, Calif., March 28, 2016 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the “Partnership,” “we,” “us” or “our”) (Nasdaq:LMRK) today announced that its Board of Directors has approved the establishment of a unit purchase plan program in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. This program will allow the Partnership's executive management and directors who wish to participate to acquire units of the Partnership on a continuous and periodic basis through the open market.
Rule 10b5-1 allows programs to be established that permit a corporate insider to buy or sell units on a regular basis over a set period of time under a written plan that is approved by the Partnership. These pre-planned trades can then be executed at a later date, as set forth in the plan, without regard to any subsequent non-public information the individual might have received or the price of the units at the time of the purchase.
Except as may be required by law, the Partnership does not undertake to report future plans by these or other officers or directors of the Partnership nor to report modifications, terminations, transactions or other activities under such trading plans.
About Landmark Infrastructure Partners LP
The 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’s real property interests consist of a diversified portfolio of long-term and perpetual easements, tenant lease assignments and fee simple properties located in 49 states and the District of Columbia, entitling the Partnership to rental payments from leases on more than 1,400 tenant sites.