Capital Product Partners L.P. Increases Cash Distribution

ATHENS, Jul 28, 2008 (PrimeNewswire via COMTEX News Network) -- Capital Product Partners L.P. (Nasdaq:CPLP) today announced that its board of directors has declared a cash distribution of $0.41 per unit for the second quarter ended June 30, 2008.

This represents an increase from the previous cash distribution of $0.40 per unit which was paid for the period from January 1, 2008 to March 31, 2008. The minimum quarterly distribution at the time of the IPO was set at $0.375.

The cash distribution for the second quarter is payable on August 15, 2008, to unitholders of record on August 6, 2008.

About Capital Product Partners L.P.
Capital Product Partners L.P. (Nasdaq:CPLP), a Marshall Islands master limited partnership, is an international owner of modern double-hull tankers. The Partnership owns 17 vessels, including 14 modern MR tankers, two small product tankers and one Suezmax crude oil tanker, and expects to take delivery of an additional product tanker from Capital Maritime & Trading Corp. in August. All 18 vessels are under medium- to long-term charters to BP Shipping Limited, Morgan Stanley Capital Group Inc., Overseas Shipholding Group, Shell International Trading & Shipping Company Ltd., and Trafigura Beheer B.V.

Capital Product Partners L.P. press release