Capital Product Partners L.P. Announces Cash Distribution

Rhea-AI Summary

Capital Product Partners L.P. (NASDAQ:CPLP) has declared a cash distribution of $0.15 per common unit for Q2 2022, ending June 30. This distribution will be paid on August 12, 2022, to unit holders on record as of August 8, 2022. CPLP operates as an international owner of ocean-going vessels, currently owning 20 vessels, which includes six LNG carriers and various container vessels. Additionally, CPLP is set to acquire further assets between Q3 2022 and Q2 2023.

Positive

• Declared a cash distribution of $0.15 per common unit for Q2 2022.
• CPLP owns a diverse fleet of 20 ocean-going vessels.
• Plans to acquire additional vessels by Q2 2023.

Negative

• None.

ATHENS, Greece, July 26, 2022 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ:CPLP) today announced that its board of directors has declared a cash distribution of $0.15 per common unit for the second quarter of 2022 ended June 30, 2022.

The second quarter common unit cash distribution will be paid on August 12, 2022 to common unit holders of record on August 8, 2022.

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 20 vessels, including six latest generation LNG/Cs, 10 Neo-Panamax container vessels, three Panamax container vessels and one Capesize bulk carrier vessel. This excludes three 13,000 TEU container vessels and one LNG/C that CPLP has agreed to acquire between the third quarter 2022 and the second quarter of 2023.

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 Capital Product Partners' cash distribution for Q2 2022?

Capital Product Partners announced a cash distribution of $0.15 per common unit for Q2 2022.

When will the cash distribution be paid for CPLP?

The cash distribution will be paid on August 12, 2022.

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

The record date for the cash distribution is August 8, 2022.

How many vessels does Capital Product Partners currently own?

CPLP currently owns 20 vessels.

What type of vessels are included in CPLP's fleet?

CPLP's fleet includes LNG carriers and container vessels.

Is Capital Product Partners acquiring any new vessels?

Yes, CPLP plans to acquire additional vessels between Q3 2022 and Q2 2023.