Capital Product Partners L.P. Announces Cash Distribution

Rhea-AI Summary

Capital Product Partners L.P. (NASDAQ:CPLP) has declared a cash distribution of $0.10 per common unit for Q1 2021, ending March 31, 2021. This distribution will be paid on May 10, 2021, to common unit holders of record as of May 3, 2021. The company owns 17 vessels, including thirteen Neo-Panamax and three Panamax container vessels, highlighting its significant presence in the shipping industry. For additional details, visit capitalpplp.com.

Positive

• Declared cash distribution of $0.10 per common unit for Q1 2021.
• Payment scheduled for May 10, 2021, providing immediate cash flow to unit holders.
• Ownership of 17 vessels strengthens operational capacity and market presence.

Negative

• None.

ATHENS, Greece, April 26, 2021 (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 first quarter of 2021 ended March 31, 2021.

The first quarter common unit cash distribution will be paid on May 10, 2021 to common unit holders of record on May 3, 2021.

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 17 vessels, including thirteen Neo-Panamax container vessels, three 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 Q1 2021?

CPLP has declared a cash distribution of $0.10 per common unit for Q1 2021.

When will CPLP pay the cash distribution to unit holders?

The cash distribution will be paid on May 10, 2021, to unit holders of record on May 3, 2021.

How many vessels does Capital Product Partners own?

CPLP currently owns 17 vessels, including Neo-Panamax and Panamax container vessels.

What is the significance of CPLP's cash distribution for investors?

The cash distribution provides investors with immediate cash income and reflects the company's financial health.