SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Hoegh LNG Partners Lp Shareholders of Class Action and Lead Plaintiff Deadline of December 27, 2021

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New York, New York – (Newsfile Corp. – November 27, 2021) – The following statement is released by Levi & Korsinsky, LLP:

To: All persons or entities who have purchased or otherwise acquired securities of Hoegh LNG Partners Lp (“The Partnership”) (NYSE: HMLP) between August 22, 2019 and July 27, 2021. You are hereby notified that a securities class action lawsuit has been brought in the United States District Court for the District of New Jersey. For more information, visit:

Hoegh LNG Partners Lp Loss Submission Form

or contact Joseph E. Levi, Esq. either by e-mail at [email protected] or by phone at (212) 363-7500. There is no cost or obligation for you.

Hoegh LNG Partners Lp NEWS – HMLP NEWS

CASE DETAILS: According to the complaint filed: (1) the limited partnership was facing problems with the Lampung charter of the Floating Regasification Storage Unit (“FSRU”) of PT Perusahaan Gas Negara (“PGN”); (2) accordingly, the charterer of the PGN FSRU Lampung would declare that it would initiate arbitration to declare the charter null and void, and / or to terminate the charter, and / or to claim damages; (3) the Partnership would need to find alternative refinancing for its PGN FSRU Lampung credit facility; (4) the PGN FSRU Lampung credit facility matured in September 2021, and not in October 2021 as previously indicated; (5) the Partnership would be forced to accept less favorable refinancing terms with respect to the PGN FSRU Lampung credit facility; (6) H “oegh LNG would not extend the revolving line of credit to the Partnership beyond its maturity date; (7) H” oegh LNG would reveal that it “will have a very limited ability to extend any further advance to the Partnership beyond what is currently drawn under the facility ”; (8) due to the above, the limited partnership would essentially end distributions to common unitholders; (9) the COVID pandemic -19 was not the sole or root cause of the Partnership’s problems in Indonesia, in 2019, before the pandemic, there was already a very low demand in Indonesia for Partnership gas; (10) the audit, the taxation or maintenance of PGN FSRU Lampung were not the sole cause (s) of the Partnership’s problems in Indonesia; and (11) accordingly, the Defendants’ statements regarding its activities, transactions and its outlook were materially false and misleading and / or lacking nt reasonable basis at all relevant times.

WHAT THIS MEANS FOR SHAREHOLDERS: If you suffered a loss in the limited partnership, you have up to December 27, 2021 request that the Court appoint you as the principal applicant. Your ability to participate in any recovery does not require you to serve as the lead applicant.

NO COT FOR YOU: If you purchased the Partnership Securities between August 22, 2019 and July 27, 2021, you may be entitled to compensation without payment of fees or out-of-pocket expenses.

PROTECT YOUR FINANCIAL INTERESTS: Fill out this brief submission form https://www.zlk.com/pslra-1/hoegh-lng-partners-lp-loss-submission-form?prid=21579&wire=5 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars to shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by companies.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut and Washington, DC The firm’s founding partners, Joseph Levi and Eduard Korsinsky, have represented shareholders and institutional clients since nearly 20 years and have achieved remarkable results for clients in the United States and abroad. The firm, which has more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those we represent. Our attorneys have extensive expertise in representing investors in securities litigation with experience in recovering hundreds of millions of dollars in cases. Levi & Korsinsky has been ranked in the Institutional Shareholder Services (“ISS”) SCAS Top 50 for 7 consecutive years as the best securities litigation firm in the United States. The SCAS Top 50 report identifies the leading plaintiff securities law firms in the country, and year after year ISS has recognized Levi & Korsinsky as a leading firm in the field of securities class actions.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th floor
New York, New York 10006
[email protected]
Phone. : (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105379


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