Capital Product Partners L.P. Announces Cash Distribution

Rhea-AI Summary

Capital Product Partners L.P. (NASDAQ: CPLP) has announced a cash distribution of $0.15 per common unit for the second quarter of 2024, which ended on June 30, 2024. This distribution, declared by the company's board of directors, will be paid on August 12, 2024 to common unit holders of record as of August 6, 2024. The announcement demonstrates CPLP's commitment to providing regular returns to its unitholders, which may be of interest to income-focused investors in the shipping and maritime transportation sector.

Positive

• Consistent quarterly cash distribution maintained at $0.15 per common unit
• Timely declaration and payment of distribution, indicating financial stability

Negative

• None.

News Market Reaction

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-0.24% News Effect

On the day this news was published, CPLP declined 0.24%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ATHENS, Greece, July 24, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.15 per common unit for the second quarter of 2024 ended June 30, 2024.

The second quarter common unit cash distribution will be paid on August 12, 2024 to common unit holders of record on August 6, 2024.

About Capital Product Partners L.P.
Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands limited partnership, is an international owner of ocean-going vessels. CPLP currently owns 20 high specification vessels, including 12 latest generation LNG/Cs and eight Neo-Panamax container vessels. In addition, CPLP has agreed to acquire six latest generation LNG/Cs to be delivered between the first quarter of 2026 and the first quarter of 2027 and 10 gas carriers, to be delivered between the first quarter of 2026 and the third quarter of 2027.

For more information about the Partnership, please visit: www.capitalpplp.com.

Forward-Looking Statements
The statements in this press release that are not historical facts may be forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted results to be materially different from those anticipated. Unless required by law, we expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our views or expectations, to conform them to actual results or otherwise. We assume no responsibility for the accuracy and completeness of the forward-looking statements. We make no prediction or statement about the performance of our common units.

CPLP-F

Contact Details:
Capital GP L.L.C
Brian Gallagher
EVP Investor Relations
Tel. +44-(770) 368 4996
E-mail: b.gallagher@capitalmaritime.com

Investor Relations / Media
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel. +1-212-661-7566
E-mail: cplp@capitallink.com
Source: Capital Product Partners L.P.

FAQ

What is the amount of Capital Product Partners' Q2 2024 cash distribution?

Capital Product Partners L.P. (CPLP) has declared a cash distribution of $0.15 per common unit for the second quarter of 2024.

When will CPLP pay its Q2 2024 cash distribution?

The cash distribution for Q2 2024 will be paid on August 12, 2024 to common unit holders of record as of August 6, 2024.

What is the record date for CPLP's Q2 2024 distribution?

The record date for Capital Product Partners' Q2 2024 distribution is August 6, 2024.

Has CPLP's distribution amount changed from previous quarters?

The press release does not provide information on previous distributions, so it's unclear if the $0.15 per unit amount has changed from previous quarters.