CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES
CASH DISTRIBUTION
ATHENS,
Greece, April 24, 2009 -- Capital Product Partners L.P. (Nasdaq:CPLP) today
announced that its board of directors has declared a cash distribution of $0.41
per unit for the first quarter ended March 31, 2009.
The first
quarter cash distribution is equal to the third quarter 2008 cash distribution
paid prior to the payment of the exceptional non-recurring distribution of $1.05
per unit paid for the fourth quarter of 2008. The Partnership has previously
stated its intention to revert to unit distribution levels more consistent with
prior periods after paying the exceptional non-recurring cash distribution for
the previous quarter. The minimum quarterly distribution at the time of the IPO
was set at $0.375 per unit.
The cash
distribution for the first quarter is payable on May 15, 2009, to unitholders of
record on May 7, 2009.
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 double-hull tankers. Capital
Product Partners L.P. owns 18 modern vessels, comprising 15 MR tankers, two
small product tankers and one Suezmax crude oil tanker. All 18 vessels are under
medium to long-term charters to BP Shipping Limited, Morgan Stanley Capital
Group Inc., Overseas Shipholding Group, Shell International Trading &
Shipping Company Ltd. and Trafigura Beheer B.V.
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
Capital GP L.L.C.
Ioannis
Lazaridis, CEO and CFO
+30
(210) 4584 950
i.lazaridis@capitalpplp.com
Capital
Maritime & Trading Corp.
Jerry
Kalogiratos
+30
(210) 4584 950
j.kalogiratos@capitalpplp.com