Teekay LNG Partners Declares Common Unit Distribution

Rhea-AI Summary

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (TGP), has announced a cash distribution of $0.2875 per common unit for Q2 2021, amounting to $1.15 annually. The distribution is scheduled for August 13, 2021, to unitholders on record by August 5, 2021. Teekay LNG, a major player in the LNG and LPG shipping industry, operates a fleet including 47 LNG carriers and 23 mid-size LPG carriers, with interests in vessels ranging from 20% to 100%.

Positive

• Declared quarterly cash distribution of $0.2875 per common unit.
• Annualized distribution of $1.15 per common unit.
• Strong operational presence with 47 LNG carriers and 23 LPG carriers.

Negative

• None.

HAMILTON, Bermuda, July 16, 2021 (GLOBE NEWSWIRE) -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared a cash distribution of $0.2875 per common unit for the quarter ended June 30, 2021. This corresponds to $1.15 per common unit on an annualized basis.

The cash distribution is payable on August 13, 2021 to all common unitholders of record on August 5, 2021. Teekay LNG’s common unit distributions are reported on Form 1099 for United States tax purposes.

About Teekay LNG

Teekay LNG is one of the world’s largest independent owners and operators of LNG carriers, providing LNG and LPG services primarily under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size LPG carriers, and seven multi-gas carriers. The Partnership’s ownership interests in these vessels range from 20 to 100 percent. In addition, the Partnership owns a 30 percent interest in a regasification terminal. Teekay LNG is a publicly-traded master limited partnership formed by Teekay Corporation (NYSE: TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors.

Teekay LNG Partners’ common units and preferred units trade on the New York Stock Exchange under the symbols “TGP”, “TGP PR A” and “TGP PR B”, respectively.

For Investor Relations
enquiries contact:

Ryan Hamilton
Tel: +1 (604) 609-2963
Website: www.teekay.com

FAQ

What is the cash distribution for Teekay LNG Partners (TGP) for Q2 2021?

Teekay LNG Partners declared a cash distribution of $0.2875 per common unit for the quarter ended June 30, 2021.

When will the cash distribution for TGP be paid?

The cash distribution will be payable on August 13, 2021.

What is the annualized cash distribution for Teekay LNG Partners (TGP)?

The annualized cash distribution for Teekay LNG Partners is $1.15 per common unit.

What are the trading symbols for Teekay LNG Partners' units?

Teekay LNG Partners' common units and preferred units trade under the symbols TGP, TGP-PA, and TGP-PB.