Dynagas LNG Partners LP Announces the Date of its 2021 Annual General Meeting of Limited Partners

Rhea-AI Summary

The Board of Dynagas LNG Partners LP (NYSE: DLNG) has scheduled the 2021 Annual General Meeting of Limited Partners for November 30, 2021, at 4:00 p.m. in Glyfada, Athens. The record date for voting rights is set for October 20, 2021. Proxy materials will be mailed to Limited Partners around October 25, 2021, and will also be available on the SEC's website and the Partnership's website. The press release includes cautionary forward-looking statements about potential uncertainties affecting the business.

Positive

• The Annual General Meeting is an opportunity for Limited Partners to engage with the Board.
• Proxy materials will provide important information for voting and decision-making.

Negative

• The press release contains numerous forward-looking statements, indicating potential uncertainties in forecasts.
• Risks mentioned include fluctuations in charter rates and the impact of COVID-19 on operations.

ATHENS, Greece, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, announced today that its Board of Directors (the “Board”) has scheduled the Partnership’s 2021 Annual General Meeting of Limited Partners (the “Meeting”) to be held on November 30, 2021 at 4:00 p.m., local time, at 97 Poseidonos Avenue and 2 Foivis Street, 166-74 Glyfada, Athens, Greece. The Board has fixed a record date of October 20, 2021 (the “Record Date”) for the determination of the Limited Partners entitled to receive notice of and to vote at the Meeting or any adjournment thereof.

The Partnership’s Notice of the Meeting and Proxy Statement will be mailed on or about October 25, 2021 to Limited Partners of record as of the Record Date and will be furnished to the Securities and Exchange Commission (the “Commission”) and available on the Commission’s website at www.sec.gov. The Notice of the Meeting and Proxy Statement and the Partnership’s 2020 Annual Report are also available on the Partnership’s website at www.dynagaspartners.com.

Forward-Looking Statements:

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “project”, “will”, “may,” “should,” “expect,” “expected,” “pending” and similar expressions identify forward-looking statements. These forward-looking statements are not intended to give any assurance as to future results and should not be relied upon.

The forward-looking statements in this press release are based upon various assumptions and estimates, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership’s management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership’s control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Partnership’s view, could cause actual results to differ materially from those discussed, expressed or implied, in the forward-looking statements include, but are not limited to, the strength of world economies and currency fluctuations, general market conditions, including fluctuations in charter rates, ownership days, and vessel values, changes in supply and demand for Liquefied Natural Gas (LNG) shipping capacity, changes in the Partnership’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership’s vessels, availability of financing and refinancing, changes in governmental laws, rules and regulations or actions taken by regulatory authorities, economic, regulatory, political and governmental conditions that affect the shipping and the LNG industry, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns, instances of off-hires, the length and severity of the COVID-19 outbreak, the impact of public health threats and outbreaks of other highly communicable diseases, the impact of the expected discontinuance of LIBOR after 2021 on interest rates of our debt that reference LIBOR, the amount of cash available for distribution, and other factors. Please see the Partnership’s filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Partnership disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

Contact Information:
Dynagas LNG Partners LP 
Attention: Michael Gregos 
Tel. +30 210 8917960
Email: management@dynagaspartners.com   

Investor Relations/ Financial Media: 
Nicolas Bornozis 
Capital Link, Inc. 
230 Park Avenue, Suite 1536 
New York, NY 10169 
Tel. (212) 661-7566 
E-mail: dynagas@capitallink.com

FAQ

When is the 2021 Annual General Meeting for Dynagas LNG Partners?

The 2021 Annual General Meeting is scheduled for November 30, 2021, at 4:00 p.m. local time.

What is the record date for voting at the Dynagas LNG Partners meeting?

The record date for voting is October 20, 2021.

Where can I find the Proxy Statement for Dynagas LNG Partners' meeting?

The Proxy Statement will be mailed to Limited Partners and is also available on the SEC's website and the Partnership's website.

What are some risks mentioned by Dynagas LNG Partners in their press release?

Potential risks include fluctuations in charter rates, operating expenses, and the impact of COVID-19.