Capital Product Partners L.P. Announces Cash Distribution

Rhea-AI Summary

Capital Product Partners L.P. (NASDAQ: CPLP) declared a cash distribution of $0.10 per common unit for the second quarter of 2020, ending June 30, 2020. The payment is scheduled for August 14, 2020, to holders of record on August 9, 2020. Currently, CPLP owns 14 vessels, including 13 neo panamax container vessels and 1 capesize bulk carrier. This announcement reflects the partnership's ongoing commitment to return capital to its investors while managing its fleet effectively.

Positive

• Declared cash distribution of $0.10 per common unit.
• Scheduled payment date demonstrates ongoing capital return to investors.
• Owns a diversified fleet of 14 vessels, including modern container ships.

Negative

• None.

ATHENS, Greece, July 31, 2020 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.10 per common unit for the second quarter of 2020 ended June 30, 2020.

The second quarter common unit cash distribution will be paid on August 14, 2020 to common unit holders of record on August 9, 2020.

About Capital Product Partners L.P.

Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of ocean-going vessels. CPLP currently owns 14 vessels, including 13 neo panamax container vessels and one capesize bulk carrier.

For more information about the Partnership, please visit: www.capitalpplp.com.

Forward-Looking Statements

The statements in this press release that are not historical facts may be forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted results to be materially different from those anticipated. Unless required by law, we expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our views or expectations, to conform them to actual results or otherwise. We assume no responsibility for the accuracy and completeness of the forward-looking statements. We make no prediction or statement about the performance of our common units.

CPLP-F

Contact Details:

Capital GP L.L.C.
Jerry Kalogiratos
CEO
Tel. +30 (210) 4584 950
E-mail: j.kalogiratos@capitalpplp.com

Capital GP L.L.C.
Nikos Kalapotharakos
CFO
Tel. +30 (210) 4584 950
E-mail: n.kalapotharakos@capitalmaritime.com

Investor Relations / Media
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel. +1-212-661-7566
E-mail: cplp@capitallink.com

Source: Capital Product Partners L.P.

FAQ

What is the cash distribution declared by CPLP for Q2 2020?

CPLP declared a cash distribution of $0.10 per common unit for the second quarter of 2020.

When will the cash distribution for CPLP be paid?

The cash distribution will be paid on August 14, 2020.

What is the record date for CPLP's cash distribution?

The record date for the cash distribution is August 9, 2020.

How many vessels does Capital Product Partners own?

CPLP currently owns 14 vessels, including 13 neo panamax container vessels and one capesize bulk carrier.

What type of vessels does CPLP operate?

CPLP operates neo panamax container vessels and a capesize bulk carrier.