Capital Product Partners L.P. Announces Increased Cash Quarterly Distribution by 50% to $0.15

Rhea-AI Summary

Capital Product Partners L.P. (NASDAQ: CPLP) declared a cash distribution of $0.15 per common unit for Q4 2021, marking a 50% increase from the previous quarter. This distribution will be paid on February 10, 2022, to holders of record on February 3, 2022. CPLP, based in the Marshall Islands, is a leading owner of ocean-going vessels with a fleet of 21 vessels, including 11 Neo-Panamax container vessels. This announcement highlights the company's positive financial trajectory and commitment to enhancing shareholder returns.

Positive

• 50% increase in cash distribution to $0.15 per unit
• Distribution reflects a strong financial performance in Q4 2021
• CPLP maintains a diverse fleet of 21 vessels

Negative

• None.

ATHENS, Greece, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared an increased cash distribution of $0.15 per common unit for the fourth quarter of 2021 ended December 31, 2021. This represents an increase by 50% compared to the common unit cash distribution announced for the previous quarter.

The fourth quarter common unit cash distribution will be paid on February 10, 2022 to common unit holders of record on February 3, 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 21 vessels, including 11 Neo-Panamax container vessels, three Panamax container vessels, one Capesize bulk carrier and six latest generation LNG carriers.

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 Q4 2021?

CPLP declared a cash distribution of $0.15 per common unit for Q4 2021.

When will the cash distribution for CPLP be paid?

The cash distribution will be paid on February 10, 2022.

What was the percentage increase in CPLP's cash distribution compared to the previous quarter?

The cash distribution increased by 50% compared to the previous quarter.

What vessels does Capital Product Partners L.P. own?

CPLP owns a fleet of 21 vessels, including 11 Neo-Panamax container vessels.

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

The record date for the cash distribution is February 3, 2022.