Capital Product Partners L.P. Announces Cash Distribution
ATHENS, Greece, Jul 27, 2009 (GlobeNewswire 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, 2009.
The second quarter cash distribution remains unchanged from the previous cash distribution of $0.41 per unit, which was paid for the period from January 1, 2009 to March 31, 2009. 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 14, 2009, to unit holders of record on August 6, 2009.
Capital Product Partners L.P. (Nasdaq:CPLP), a Marshall Islands master limited partnership, is an international owner of modern double-hull tankers. Capital Product Partners L.P. owns 18 modern vessels, comprising 15 MR tankers, two small product tankers and one Suezmax crude oil tanker. 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.
For more information about the Partnership and to access or request a copy of its Annual Report, please visit our website: www.capitalpplp.com.
Capital Product Partners L.P. press release