Capital Product Partners L.P. Announces Cash Distribution

Rhea-AI Summary

Capital Product Partners L.P. (NASDAQ:CPLP) has announced a cash distribution of $0.15 per common unit for Q4 2022, ending December 31, 2022. The distribution will be paid on February 10, 2023, to unit holders of record as of February 7, 2023.

CPLP operates as a master limited partnership, owning 21 vessels including LNG carriers and container ships. The partnership aims to enhance shareholder value through these distributions.

Positive

• Declared cash distribution of $0.15 per common unit.
• Payment date set for February 10, 2023, indicating financial stability.

Negative

• None.

ATHENS, Greece, Jan. 26, 2023 (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 fourth quarter of 2022 ended December 31, 2022.

The fourth quarter common unit cash distribution will be paid on February 10, 2023 to common unit holders of record on February 7, 2023.

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 21 vessels, including six latest generation LNG carriers, 11 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 announced by CPLP for Q4 2022?

CPLP announced a cash distribution of $0.15 per common unit for Q4 2022.

When will the cash distribution from CPLP be paid?

The cash distribution will be paid on February 10, 2023.

Who are eligible to receive the CPLP cash distribution?

Common unit holders of record as of February 7, 2023, are eligible to receive the distribution.

How many vessels does Capital Product Partners L.P. own?

Capital Product Partners L.P. owns 21 vessels.

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

CPLP's fleet includes LNG carriers, Neo-Panamax container vessels, Panamax container vessels, and a Capesize bulk carrier.