Dynagas LNG Partners LP Declares Cash Distribution on Series B Preferred Units | 2022-02-01 | Press Releases

ATHENS, Greece, 01 Feb. 11, 2022 (GLOBE NEWSWIRE) — Dynagas LNG Partners LP (the “Partnership”) (NYSE: “DLNG””, owner and operator of LNG carriers, today announced that its board of directors has declared a cash distribution of 0 $.546875 per Unit on its Series B Fixed to Floating Cumulative Perpetual Perpetual Preferred Units (the “Series B Preferred Units”) (NYSE: DLNG PR B) for the period from November 22, 2021 to February 21, 2022.

The cash distribution is payable on February 22, 2022 to all Preferred Unitholders of record as of February 14, 2022.

Distributions on the Series B Preferred Units will be payable quarterly in arrears on the 22n/a day (unless the 22n/a falls on a weekend or a public holiday, in which case the date of payment is postponed to the next working day) of February, May, August and November of each year, when, as and if declared by our board of directors. This is the thirteenth consecutive cash distribution on the Series B Preferred Units since they began trading on the NYSE.

The Partnership has 2,200,000 Series B Preferred Units outstanding as of the date of this press release.

About Dynagas LNG Partners LP

Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership that owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnership’s current fleet consists of six LNG carriers, with a total shipping capacity of approximately 914,000 cubic meters.

Visit the Partnership’ website www.dynagaspartners.com

Contact details:

Dynagas LNG Partners LP

Attention: Michel Gregos

Phone. +30 210 8917960

Email: [email protected]

Investor Relations/Financial Media:

Nicolas Bornozis/Markella Kara

Capital Link, Inc.

230 Park Avenue, Suite 1536

New York, NY 10169

Phone. (212) 661-7566

Email: [email protected]

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 to encourage companies to provide forward-looking information about their businesses. Forward-looking statements include statements regarding future plans, objectives, goals, strategies, events or performance, as well as underlying assumptions and other statements, that are other than statements of historical fact.

The Partnership wishes to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and includes this disclaimer as part of such safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” ” expected,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements contained in this press release are based on various assumptions, many of which are based, in turn, on other assumptions, including, without limitation, the Partnership’s management review of current trends. historical exploitation, data contained in its files 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 that are difficult or impossible to predict and are beyond the control of the Partnership, the Partnership cannot assure you that it will meet or fulfill those expectations, beliefs, or projections.

In addition to these important factors, other important factors that the Partnership believes could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of global 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 operating expenses of the partnership, including bunker prices, dry docking and insurance costs, the market for partnership vessels, availability of financing and refinancing, changes in government rules and regulations or actions taken by regulatory authorities, potential liability arising from pending or future litigation, general domestic and international political conditions, potential disruption to mar itimes due to accidents or political events, ship breakdowns and cases of hirings and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information contained 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.

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