NMM

MRMP Crosses 5% Threshold; Files 13D; Sends Letter to Navios Maritime Partners L.P.

Thursday, July 22, 2021 - 5:26pm

MRMP-Managers LLC ("MRMP"), announced today that it has transmitted a letter to Navios Maritime Partners L.P. (the "Company") (NYSE: NMM) sharing urgent and serious concerns regarding the current management and direction of the Company.

Key Points: 
  • MRMP-Managers LLC ("MRMP"), announced today that it has transmitted a letter to Navios Maritime Partners L.P. (the "Company") (NYSE: NMM) sharing urgent and serious concerns regarding the current management and direction of the Company.
  • Ned Sherwood of MRMP commented, Our group has had over thirty years of success investing in various companies that are operated by experienced multi-generation families.
  • We are confident in her ability to manage NMMs fleet of approximately 95 dry bulk and containerships.
  • This press release and MRMPs letter to NMM (attached as an exhibit to the Schedule 13D filed today) contain forward-looking statements.