NAVIOS MARITIME HOLDINGS INC
SymbolNM

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Navios Maritime Partners L.P. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2009

2009-10-28 19:33 ET - News Release

Also News Release (U-NMM) NAVIOS MARITIME PARTNERS L P

PIRAEUS, GREECE -- (MARKET WIRE) -- 10/28/09

Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM), an owner and operator of dry cargo vessels, reported its financial results for the third quarter and nine month period ended September 30, 2009.

Ms. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated: "Our conservative business policy enabled Navios Partners to weather the recent market volatility and permitted us to access the capital markets, in a traditional manner, twice in the last 6 months. As a result, we have solidified our balance sheet and acquired two vessels. With the addition of the most recent vessel, we are pleased to announce an increase in our cash distribution of 1.3% by declaring a $0.405 per unit cash distribution for the third quarter of 2009."

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