Dynagas LNG Partners LP Declares Cash Distribution on Series B Preferred Units
ATHENS, Greece, May 02, 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 Redeemable Perpetual Preferred Units (the “Series B Preferred Units”) DLNG for the period from February 22, 2022 to May 21, 2022.
The cash distribution is payable on May 23, 2022 to all Preferred Unitholders of record as of May 16, 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 fourteenth 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. 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 an aggregate carrying capacity of approximately 914,000 cubic meters. Visit the Partnership website at www.dynagaspartners.com
Dynagas LNG Partners LP
Attention: Michel Gregos
Such. +30 210 8917960
Email: [email protected]
Investor Relations/Financial Media:
Nicolas Bornozis/Markella Kara
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, NY 10169
Such. (212) 661-7566
Email: [email protected]
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”, “anticipate”, “project”, “plan”, “potential”, “may”, “should”, “expect to”, “expect”, “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, in turn, based on other assumptions, including, without limitation, the Partnership’s management review of trends in historical operations, 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 important uncertainties and contingencies which are difficult or impossible to predict and which are beyond the control of the Partnership, the Partnership cannot guarantee that it will achieve or fulfill these 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 cost savings and global currencies, general market conditions, including fluctuations in charter rates, vessel rates and value, changes in demand for liquefied natural gas (LNG) shipping capacity, changes in expenditures partnership operations, including bunker prices, dry docking and insurance costs, the market for partnership vessels, availability of financing and refinancing, changes in governments rules and regulations or measures taken by regulatory authorities, potential liability arising from pending or future litigation, general national and international political conditions. the, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and non-lease cases 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.