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Capital Product Partners L.P. Announces Results of Its Annual Meeting of Limited Partners

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Capital Product Partners L.P. (NASDAQ: CPLP) held its annual meeting of Limited Partners on September 23, 2021, in Athens, Greece. Key decisions included the re-election of Abel Rasterhoff and Dimitris P. Christacopoulos as Class II Directors until the 2024 meeting, ratifying Deloitte Certified Public Accountants S.A. as the independent accounting firm for the fiscal year ending December 31, 2021. Approval rates for the proposals were strong, with 92.03%, 95.40%, and 98.59% votes in favor, respectively. The Partnership currently owns 18 vessels, enhancing its position in the shipping industry.

Positive
  • Strong approval of director re-elections (92.03% and 95.40%) indicates investor confidence.
  • Independent accounting firm Deloitte appointed, enhancing financial oversight.
  • Partnership owns 18 vessels, ensuring a robust operational portfolio.
Negative
  • None.

ATHENS, Greece, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) (the “Partnership”) today announced that it held its annual meeting of Limited Partners in Athens, Greece on September 23, 2021. At that meeting:

  1. Abel Rasterhoff was re-elected to act as a Class II Director until the Partnership’s 2024 annual meeting of Limited Partners (“Proposal One”);
  2. Dimitris P. Christacopoulos was re-elected to act as a Class II Director until the Partnership’s 2024 annual meeting of Limited Partners (“Proposal Two”);
  3. The appointment of Deloitte Certified Public Accountants S.A., as independent registered public accounting firm for the fiscal year ending December 31, 2021, was ratified (“Proposal Three”).

No other actions were taken at the meeting.

Proposal One and Proposal Two were respectively approved by 92.03% and 95.40% of the Partnership's common units entitled to vote and represented at the meeting (excluding common units owned by the Partnership's sponsor, Capital Maritime & Trading Corp. and its affiliates). Proposal Three was approved by 98.59% of the Partnership's common units entitled to vote and represented at the meeting.

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 18 vessels, including 12 Neo-Panamax container vessels, three Panamax container vessels, one Capesize bulk carrier and two LNG carriers.

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


FAQ

What decisions were made at the Capital Product Partners annual meeting on September 23, 2021?

The meeting resulted in the re-election of two directors and the appointment of Deloitte as the independent accounting firm.

What was the approval rate for the directors' re-elections at the Capital Product Partners meeting?

The approval rates were 92.03% for Abel Rasterhoff and 95.40% for Dimitris P. Christacopoulos.

How many vessels does Capital Product Partners currently own?

Capital Product Partners currently owns 18 vessels.

Who was appointed as the independent accounting firm for Capital Product Partners in 2021?

Deloitte Certified Public Accountants S.A. was appointed as the independent accounting firm.

When will the next annual meeting for Capital Product Partners be held?

The next annual meeting of Limited Partners is scheduled for 2024.

Capital Product Partners L.P.

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