Capital Product Partners L.P. Announces Cash Distribution

Rhea-AI Summary

Capital Product Partners L.P. (NASDAQ: CPLP) announced a cash distribution of $0.10 per common unit for Q3 2020, with a record date of November 2, 2020 and payment scheduled for November 10, 2020. The partnership owns 14 vessels, including 13 neo panamax container vessels and one capesize bulk carrier. This distribution follows their financial performance for the period ended September 30, 2020, emphasizing the company's stable payout strategy amidst ongoing maritime operations.

Positive

• Declared a cash distribution of $0.10 per common unit.
• Scheduled payment on November 10, 2020, indicates financial stability.
• Owns a diversified fleet of 14 vessels, enhancing operational flexibility.

Negative

• None.

ATHENS, Greece, Oct. 21, 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 third quarter of 2020 ended September 30, 2020.

The third quarter common unit cash distribution will be paid on November 10, 2020 to common unit holders of record on November 2, 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 amount declared by CPLP for Q3 2020?

CPLP declared a cash distribution of $0.10 per common unit for Q3 2020.

When is the payment date for CPLP's Q3 2020 distribution?

The payment date is set for November 10, 2020.

What is the record date for CPLP's Q3 2020 distribution?

The record date is November 2, 2020.

How many vessels does Capital Product Partners own?

Capital Product Partners currently owns 14 vessels.

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

CPLP's fleet includes 13 neo panamax container vessels and one capesize bulk carrier.