CAPITAL
PRODUCT PARTNERS L.P. ANNOUNCES CASH DISTRIBUTION
ATHENS,
Greece, April 23, 2010 -- Capital Product Partners L.P. (Nasdaq:CPLP) today
announced that its board of directors has declared a cash distribution of $0.225
per unit for the first quarter ended March 31, 2010.
The first
quarter cash distribution is in line with management’s annual distribution
guidance of $0.90 per unit paid equally over four quarters previously announced
in the Partnership’s fourth quarter earnings release of January 29,
2010.
The first
quarter cash distribution will be paid on May 14, 2010 to unit holders of record
on May 6, 2010.
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 19 modern vessels, comprising 16 MR tankers, two
small product tankers and one Suezmax crude oil tanker. Most of our vessels are
under medium to long-term charters to BP Shipping Limited, Morgan Stanley
Capital Group Inc. and Overseas Shipholding Group.
For more
information about the Partnership and to access or request a copy of its Annual
Report, 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
For
further information please
contact:
CAPITAL
GP L.L.C.:
Ioannis
Lazaridis, CEO and CFO
+30 (210)
4584 950
i.lazaridis@capitalpplp.com
Jerry
Kalogiratos
+30 (210)
4584 950
j.kalogiratos@capitalpplp.com
INVESTOR
RELATIONS/MEDIA:
Capital
Link, Inc.,
230 Park
Avenue – Suite 1536
New York,
NY 10160, USA
Tel:
(212) 661-7566
Fax:
(212) 661-7526
E-mail:
cplp@capitallink.com
www.capitallink.com
Contact: Nicolas Bornozis, President