SOURCE: Capital Product Partners L.P.

Capital Product Partners L.P.

October 20, 2016 16:05 ET

Capital Product Partners L.P. Announces Cash Distribution

ATHENS, GREECE--(Marketwired - Oct 20, 2016) - Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.075 per common unit for the third quarter of 2016 ended September 30, 2016.

The third quarter common unit cash distribution will be paid on November 14, 2016, to unit holders of record on November 7, 2016.

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 tanker, container and drybulk vessels. The Partnership currently owns 35 vessels, including twenty modern MR (Medium Range) product tankers, four Suezmax crude oil tankers, ten Neo Panamax container vessels and one Capesize bulk carrier. Its vessels are under period charters to BP Shipping Limited, Cargill International S.A., CMA-CGM S.A., Cosco Bulk Carrier Co. Ltd., CSSA S.A. (Total S.A.), Flota Petrolera Ecuatoriana ("Flopec"), Hyundai Merchant Marine Co. Ltd., Overseas Shipholding Group Inc., Pacific International Lines (Pte) Ltd, Petróleo Brasileiro S.A. ("Petrobras"), Repsol Trading S.A., Stena Bulk A.B., and Capital Maritime.

For more information about the Partnership, please visit our website: 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 Information

  • Contact Details:
    Capital GP L.L.C.
    Jerry Kalogiratos
    CEO and CFO
    Tel. +30 (210) 4584 950
    E-mail: j.kalogiratos@capitalpplp.com

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