Capital Product Partners L.P. Announces Cash Distribution
ATHENS, Greece, Jan 29, 2010 (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 fourth quarter ended December 31, 2009.
The fourth quarter cash distribution remains unchanged from the previous quarterly cash distribution of $0.41 per unit. The minimum quarterly distribution at the time of the IPO was set at $0.375.
The cash distribution for the fourth quarter is payable on February 17, 2010, to unitholders of record on February 8, 2010.
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. Most of our vessels are under medium to long-term charters to BP Shipping Limited, Morgan Stanley Capital Group Inc., Overseas Shipholding Group and Shell International Trading & Shipping Company Ltd.
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