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

Rhea-AI Summary

On September 22, 2022, Capital Product Partners L.P. (CPLP) held its annual meeting of Limited Partners in Athens, Greece. Key outcomes included the re-election of Keith Forman and Eleni Tsoukala as Class III Directors until the 2025 annual meeting, approved by 89.75% and 89.68% of votes, respectively. Deloitte Certified Public Accountants S.A. was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2022, with an approval of 98.87%. CPLP owns 19 vessels and plans to acquire additional container vessels and LNG carriers by mid-2023.

Positive

• Re-election of directors reflects strong shareholder confidence.
• Deloitte's appointment suggests reliable financial oversight.
• CPLP's fleet expansion plans may enhance future revenue.

Negative

• None.

ATHENS, Greece, Oct. 03, 2022 (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 22, 2022. At that meeting:

1. Keith Forman was re-elected to act as a Class III Director until the Partnership’s 2025 annual meeting of Limited Partners (“Proposal One”);
2. Eleni Tsoukala was re-elected to act as a Class III Director until the Partnership’s 2025 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, 2022, was ratified (“Proposal Three”).
   

No other actions were taken at the meeting.

Proposal One and Proposal Two were respectively approved by 89.75% and 89.68% 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 98.87% 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 19 vessels, including six latest generation LNG carriers, nine Neo-Panamax container vessels, three Panamax container vessels and one Capesize bulk carrier. CPLP has also agreed to acquire three 13,278 TEU container vessels and one LNG carrier between the fourth quarter of 2022 and the second quarter of 2023.

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 were the outcomes of the Capital Product Partners L.P. annual meeting on September 22, 2022?

The annual meeting resulted in the re-election of Keith Forman and Eleni Tsoukala as Class III Directors, and Deloitte was approved as the independent accounting firm for 2022.

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

Capital Product Partners L.P. currently owns 19 vessels, including six LNG carriers and nine Neo-Panamax container vessels.

What is the significance of the re-election of directors for CPLP investors?

The re-election indicates strong shareholder confidence and continuity in leadership, which can positively influence the company's strategic direction.

What is the timeline for Capital Product Partners L.P.'s proposed vessel acquisitions?

CPLP plans to acquire three container vessels and one LNG carrier between the fourth quarter of 2022 and the second quarter of 2023.