Bgc partners provides operational and outlook update

Bgc partners provides operational and outlook update.bgc partners - is likely to perform better than it had expected when it provided its previous q1 2020 outlook.bgc partners - believes that its balance sheet and liquidity remain strong.bgc partners - has drawn down an aggregate of $230 million from revolving credit facility since dec 31, 2019, for total of $300 million outstanding.bgc - increased borrowing in order to preserve financial flexibility given current uncertainty in global markets resulting from covid-19 pandemic.bgc partners - notes that it has no meaningful debt maturities due until 2021.bgc partners - expects to reduce its quarterly dividend to one cent per common share.bgc partners - board intends to review co's quarterly cash dividend policy as developments warrant at a future time.bgc partners - bgc holdings, l.p. also expects to reduce its distributions of income from operations of bgc's businesses to its partners.
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