On March 2, 2011, Lukoil Americas Corp., a subsidiary of OAO LUKoil, announced the sale of Getty Petroleum Marketing, its subsidiary, to Cambridge Petroleum Holding Inc.
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The company cannot provide any assurance that marketing will meet its rental, environmental or other obligations under the Master Lease with the company in the future, it added.
Getty also announced that at the board of directors meeting on March 7, the directors declared a quarterly common stock dividend in the amount of $0.48 per share payable on April 14, 2011 to holders of record on March 31, 2011.
Jericho, N.Y.-based Getty Realty Corp. is the largest publicly traded real-estate investment trust (REIT) in the United States specializing in ownership, leasing and financing of retail motor fuel and convenience store properties and petroleum distribution terminals. The company owns and leases approximately 1,110 properties nationwide.
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