Capital Product Partners L.P. Announces Cash Distribution

ATHENS, GREECE, Jul 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 second quarter ended June 30, 2010.

The second 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.

The second quarter cash distribution will be paid on August 13, 2010 to unit holders of record on August 6, 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. The Partnership's fleet includes modern MR and small product tankers and one suezmax crude oil tanker. Most of the Partnership's vessels are under medium- to long-term charters to BP Shipping Limited, Morgan Stanley Capital Group Inc., Overseas Shipholding Group and Capital Maritime & Trading Corp.

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