Dynagas LNG Partners LP Announces Optional Partial Redemption of 9.00% Series A Cumulative Redeemable Preferred Units
The redemption falls on a Series A distribution payment date, so no accumulated and unpaid distributions will remain at redemption.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Dynagas LNG Partners (DLNG) has elected to redeem 2,000,000 Series A preferred units on November 12, 2026.
The partial redemption covers units from the 3,000,000 outstanding 9.00% Series A Cumulative Redeemable Preferred Units. Holders will receive $25.00 per redeemed unit in cash on the redemption date. The redeemed units will cease to be outstanding, and their holders' rights will end except for receiving the redemption price. The remaining 1,000,000 units will retain their existing rights and preferences.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major point. Forward-looking: it has not happened yet and may not happen.2,000,000 Series A preferred units will be redeemed for $25.00 each in cash on November 12, 2026.
Negative
- None.
News Explained
The company says no accumulated and unpaid distributions will be outstanding at redemption, because
Key Figures
- Preferred-unit rate
- 9.00%
- Series A Cumulative Redeemable Preferred Units
- Units to be redeemed
- 2,000,000 units
- Partial redemption
- Units outstanding before redemption
- 3,000,000 units
- Series A Preferred Units
- Redemption price
- $25.00 per unit
- Payable in cash on the Redemption Date
- Units remaining outstanding
- 1,000,000 units
- After the partial redemption
- Redemption date
- November 12, 2026
- Scheduled date for the partial redemption
Key Terms
cumulative redeemable preferred units financial
cusip financial
isin financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATHENS, Greece, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: DLNG) (the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced that it has issued a notice of partial redemption to the holders of its issued and outstanding
After the Partial Redemption, the Series A Preferred Units being redeemed in connection with the Partial Redemption will no longer be outstanding and all rights with respect to such units will terminate, except the right of such holders to receive the Redemption Price (as defined below). The 1,000,000 Series A Preferred Units not redeemed in connection with the Partial Redemption shall remain outstanding and subject to all the rights and preferences provided in the Partnership’s Fourth Amended and Restated Agreement of Limited Partnership (the “Partnership Agreement”).
The redemption price will be equal to
The Partnership has designated Computershare Trust Company, N.A. as the paying agent for the Series A Preferred Units (the “Paying Agent”). The address of the Paying Agent is: 150 Royall Street, Suite 101, Canton MA 02021, Attn: Corporate Actions.
All Series A Preferred Units are represented by a single certificate issued to The Depository Trust Company (“DTC”) and registered in the name of its nominee, Cede & Co. The Series A Preferred Units being redeemed will be surrendered automatically to the Paying Agent in accordance with the applicable procedures of DTC.
The information in this press release regarding the Partial Redemption does not constitute a notice of redemption of the Series A Preferred Units, and is neither an offer to purchase nor a solicitation of an offer to sell any Series A Preferred Units.
About Dynagas LNG Partners LP
Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership that owns liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnership’s current fleet consists of six LNG carriers, with an aggregate carrying capacity of approximately 914,000 cubic meters.
Visit the Partnership’s website at www.dynagaspartners.com. The Partnership’s website and its contents are not incorporated into and do not form a part of this release.
Contact Information:
Dynagas LNG Partners LP
Attention: Michael Gregos
Tel. +30 210 8917960
Email: management@dynagaspartners.com
Investor Relations / Financial Media:
Nicolas Bornozis
Markella Kara
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, NY 10169
Tel. (212) 661-7566
E-mail: dynagas@capitallink.com
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including, among other things, statements regarding the timing and funding of the Partial Redemption.
The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “will,” “plan,” “potential,” “may,” “should,” “expect,” “expected,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership’s management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership’s control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Partnership’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for Liquefied Natural Gas (LNG) shipping capacity, changes in the Partnership’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Partnership disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When will Dynagas LNG Partners redeem its Series A preferred units, and at what price?
The partial redemption is scheduled for November 12, 2026, at $25.00 per redeemed unit in cash. It covers 2,000,000 of the 3,000,000 outstanding Series A preferred units; 1,000,000 units will remain outstanding.
Do Dynagas LNG Partners Series A holders need to surrender units for the partial redemption?
The units being redeemed will be surrendered automatically to the paying agent under Depository Trust Company procedures. All Series A units are represented by a single certificate registered to DTC's nominee, Cede & Co. Computershare Trust Company is the paying agent.