GasLog Partners LP Declares Distributions on Series A, B and C Preference Units

Rhea-AI Summary

GasLog Partners LP (NYSE: GLOP) announced quarterly distributions for its preference units, effective June 15, 2022. The 8.625% Series A units will pay $0.5390625, the 8.200% Series B units will pay $0.5125, and the 8.500% Series C units will pay $0.53125, all based on a record date of June 8, 2022. GasLog Partners operates a fleet of LNG carriers and is structured as a master limited partnership for tax purposes, allowing for favorable distribution treatment.

Positive

• Quarterly distributions confirmed for preference units.
• Attractive distribution yields for investors: 8.625%, 8.200%, and 8.500%.
• Strong operational position with 14 LNG carriers.

Negative

• None.

MAJURO, Marshall Islands, May 13, 2022 (GLOBE NEWSWIRE) -- GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP) today announced the quarterly distributions on its preference units as follows:

	Distribution	Record Date	Payment Date
8.625% Series A Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units	$0.5390625 per preference unit	June 8, 2022	June 15, 2022
8.200% Series B Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units	$0.5125 per preference unit	June 8, 2022	June 15, 2022
8.500% Series C Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units	$0.53125 per preference unit	June 8, 2022	June 15, 2022

Contacts: 

Robert Brinberg
Rose & Company
Phone: +1 212-517-0810

Email: gaslog@roseandco.com

About GasLog Partners 

GasLog Partners is a growth-oriented owner, operator and acquirer of LNG carriers. The Partnership’s fleet consists of 14 LNG wholly-owned carriers as well as one vessel on a bareboat charter, with an average carrying capacity of approximately 158,000 cbm. GasLog Partners is a publicly traded master limited partnership (NYSE: GLOP) but has elected to be treated as a C corporation for U.S. income tax purposes and therefore its investors receive an Internal Revenue Service Form 1099 with respect to any distributions declared and received. Visit GasLog Partners’ website at http://www.gaslogmlp.com.

FAQ

What is the distribution amount for GasLog Partners' preference units in May 2022?

GasLog Partners announced distributions of $0.5390625 for Series A, $0.5125 for Series B, and $0.53125 for Series C preference units.

When is the record date for GasLog Partners' upcoming distributions?

The record date for the upcoming distributions is June 8, 2022.

What is the payment date for the announced distributions by GasLog Partners?

The payment date for the announced distributions is June 15, 2022.

How does GasLog Partners' distribution structure benefit investors?

GasLog Partners is structured as a master limited partnership, providing favorable tax treatment for distributions, allowing investors to receive IRS Form 1099.