Key Developments: Capital Product Partners LP (CPLP.O)
9.26USD
17 Jun 2013
$-0.22 (-2.32%)
$9.48
$9.50
$9.55
$9.20
164,741
206,427
$9.55
$5.79
Latest Key Developments (Source: Significant Developments)
Capital Product Partners LP Announces Cash Distribution
Capital Product Partners LP announced that its board of directors has declared a cash distribution of $0.2325 per common unit for the first quarter of 2013 ended March 31, 2013, in line with management's annual guidance. The first quarter common unit cash distribution will be paid on May 15, 2013, to unit holders of record on May 8, 2013. Full Article
Capital Product Partners LP Announces Agreement To Issue 9.1 Million Class B Convertible Preferred Units
Capital Product Partners LP announced an agreement to issue 9.1 million Class B Convertible Preferred Units (Class B Preferred Units) to funds managed by Kayne Anderson Capital Advisors, L.P. and Oaktree Capital Management, L.P. as well as and the Partnership's Sponsor, Capital Maritime and Trading Corp. (Capital Maritime). The Class B Preferred Units are convertible at any time into common units of the Partnership (Common Units) on a one-for-one basis. The Class B Preferred Units will pay a fixed quarterly distribution of $0.21375 per unit. The Partnership intends to use the net proceeds from the issuance of the Class B Preferred Units together with approximately $54 million from its existing credit facilities and part of its cash balances for the acquisition of two 5,023 TEU high specification container vessels for a total consideration of $130 million. Both the M/V 'Hyundai Premium' and M/V 'Hyundai Paramount' are 2013 built at Hyundai Heavy Industries Co. Ltd. The transaction is expected to be complete by the end of March 2013. Full Article
Capital Product Partners LP Announces Cash Distribution
Capital Product Partners LP announced that its board of directors has declared a cash distribution of $0.2325 per common unit for the fourth quarter of 2012 ended December 31, 2012, in line with management's annual guidance. The fourth quarter common unit cash distribution will be paid on February 15, 2013, to unit holders of record on February 8, 2013. Full Article
Capital Product Partners LP Announces Acquisition Of Vessels
Capital Product Partners LP announced that it acquired from Capital Maritime & Trading Corp. (CMTC) two post panamax container vessels, the M/V Archimidis (7,943TEU, built 2006 Daewoo Shipbuilding, S. Korea) and the M/V Agamemnon (7,943TEU, built 2007 Daewoo Shipbuilding, S. Korea). As consideration for the acquisition of the two container vessels, CPLP contributed the VLCC tankers M/T Alexander The Great (297,958 dwt, built 2010 Universal Shipbuilding Corporation, Japan) and the M/T Achilleas (297,863 dwt, built 2010 Universal Shipbuilding Corporation, Japan) to CMTC, both of which were under charter to CMTC at $28,000 per day. The effective date of the transaction was December 22, 2012. Full Article
Capital Product Partners LP Announces Cash Distribution
Capital Product Partners LP announced that its Board of Directors has declared a cash distribution of $0.2325 per common unit for the second quarter of 2012 ended June 30, 2012. The second quarter common unit cash distribution will be paid on August 15, 2012, to unit holders of record on August 7, 2012. Full Article
Capital Product Partners LP Announces Cash Distribution
Capital Product Partners LP announced that its board of directors has declared a cash distribution of $0.2325 per unit for the first quarter of 2012 ended March 31, 2012 in line with management's annual guidance. The first quarter cash distribution will be paid on May 16, 2012 to unit holders of record on May 8, 2012. Full Article
Capital Product Partners LP Announces Cash Distribution
Capital Product Partners LP announced that its Board of Directors has declared a cash distribution of $0.2325 per unit for the third quarter of 2011 ended September 30, 2011. The third quarter cash distribution will be paid on November 15, 2011 to unit holders of record on November 7, 2011. Full Article
Capital Product Partners LP Announces Completion Of Acquisition Of Crude Carriers Corp.
Capital Product Partners LP announced that it has completed the acquisition of Crude Carriers Corp. (Crude) in a unit-for-share transaction, whereby Crude became a wholly-owned subsidiary of CPLP. Full Article
Capital Product Partners LP Announces Cash Distribution
Capital Product Partners L.P. announced that its board of directors has declared a cash distribution of $0.2325 per unit for the second quarter of 2011 ended June 30, 2011. The second quarter cash distribution will be paid on August 15, 2011 to unit holders of record on August 4, 2011. Full Article
Capital Product to keep tankers chartered to OSG
March 1 - Ship owner Capital Product Partners LP said it would continue to lease three of its product tankers to Overseas Shipholding Group Inc, which has filed for bankruptcy protection, but at a lower rate.
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