Capital Product Partners L.P. Announces Cash Distribution
Athens, Greece, Apr 23, 2010 (MARKETWIRE via COMTEX News Network) -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.225 per unit for the first quarter ended March 31, 2010.
The first quarter cash distribution is in line with management's annual distribution guidance of $0.90 per unit paid equally over four quarters previously announced in the Partnership's fourth quarter earnings release of January 29, 2010.
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. Capital Product Partners L.P. owns 19 modern vessels, comprising 16 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. and Overseas Shipholding Group.
Capital Product Partners L.P. press release