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

Rhea-AI Summary

GasLog Partners LP (GLOP) has announced its quarterly distributions on preference units for Q2 2020. Holders of the 8.625% Series A, 8.200% Series B, and 8.500% Series C Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units will receive distributions of $0.5390625, $0.5125, and $0.53125 per unit, respectively. The record date for these payments is June 8, 2020, with payments scheduled for June 15, 2020. GasLog Partners focuses on owning and operating LNG carriers, with a fleet of 15 vessels.

Positive

• Quarterly distributions reaffirmed for preference units.
• Total distributions are attractive with yields of 8.625%, 8.200%, and 8.500%.

Negative

• None.

Piraeus, Greece, May 14, 2020 (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, 2020	June 15, 2020
8.200% Series B Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units	$0.5125 per preference unit	June 8, 2020	June 15, 2020
8.500% Series C Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units	$0.53125 per preference unit	June 8, 2020	June 15, 2020

Contacts: 

Joseph Nelson 
Head of Investor Relations 
Phone: +1 212-223-0643 

Email: ir@gaslogmlp.com 

About GasLog Partners 

GasLog Partners is a growth-oriented master limited partnership focused on owning, operating and acquiring LNG carriers under multi-year charters. GasLog Partners’ fleet consists of 15 LNG carriers with an average carrying capacity of approximately 158,000 cbm. GasLog Partners’ principal executive offices are located at 69 Akti Miaouli, 18537 Piraeus, Greece. Visit GasLog Partners’ website at http://www.gaslogmlp.com.

FAQ

What are the quarterly distributions for GasLog Partners LP (GLOP) in Q2 2020?

GasLog Partners LP 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 LP (GLOP) preference unit distributions?

The record date for GasLog Partners LP preference unit distributions is June 8, 2020.

What is the payment date for GasLog Partners LP (GLOP) preference unit distributions?

The payment date for GasLog Partners LP preference unit distributions is June 15, 2020.

How many LNG carriers does GasLog Partners LP (GLOP) own?

GasLog Partners LP owns a fleet of 15 LNG carriers.

What is the yield on GasLog Partners LP (GLOP) Series A preference units?

The yield on GasLog Partners LP Series A preference units is 8.625%.