Capital Product Partners L.P. Declares Cash Distribution
ATHENS, Greece, Jul 25, 2007 (PrimeNewswire via COMTEX News Network) --
Capital Product Partners L.P. (Nasdaq:CPLP) today announced that its board of directors has declared a cash distribution equaling the pro rata portion of the minimum quarterly distribution for the period from April 4, 2007, when the Partnership formally launched its shipping operations, through June 30, 2007. The period consisted of 88 days out of the 91 days in the calendar quarter.
The cash distribution for the 88-day period will be $0.3626 per unit. The cash distribution is payable on August 14, 2007, to unitholders of record on August 6, 2007.
About Capital Product Partners L.P.
Capital Product Partners L.P. (Nasdaq:CPLP), a Marshall Islands master limited partnership, is an international owner of medium-range product tankers. Following the delivery of the M/T Akeraios on July 13, 2007, Capital Product Partners L.P. now owns 10 MR Ice Class 1A product tankers and has an agreement to purchase five additional product tankers from Capital Maritime & Trading Corp. All 15 vessels are under medium- to long-term charters to BP Shipping Limited, Morgan Stanley, and Overseas Shipholding Group Inc.
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SOURCE: Capital Product Partners L.P.
Capital GP L.L.C. Ioannis Lazaridis, Chief Executive Officer and Chief Financial Officer +30 (210) 4584 950 email@example.com Capital Maritime & Trading Corp. Jerry Kalogiratos, Commercial Officer +30 (210) 4584 950 firstname.lastname@example.org RF Binder Partners Inc. Robert Ferris +1 (212) 994-7505 Robert.email@example.com Tom Pratt +1 (212) 994-7563 Tom.firstname.lastname@example.org
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