ATHENS, Greece, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that before the NASDAQ market opens on February 2, 2024, CPLP will release financial results for the fourth quarter ended December 31, 2023. On the same day, Friday, February 2, 2024, CPLP will host an interactive conference call at 10:00 am Eastern Time to discuss the financial results. Conference Call Details: Participants should dial into the call 10 minutes before the scheduled time using the f ...

ATHENS, Greece, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ:CPLP) today announced that its board of directors has declared a cash distribution of $0.15 per common unit for the fourth quarter of 2023 ended December 31, 2023. The fourth quarter common unit cash distribution will be paid on February 13, 2024 to common unit holders of record on February 6, 2024. About Capital Product Partners L.P. Capital Product Partners L.P. (NASDAQ:CPLP), a Marshall Islands limited partnership, is ...

Capital Product Partners L.P. (NASDAQ:CPLP) Q3 2023 Earnings Conference Call November 13, 2023 9:00 AM ET Company Participants Jerry Kalogiratos - Chief Executive Officer Spyros Leoussis - Chief Commercial Officer Conference Call Participants Ben Nolan - Stifel Omar Nokta - Jefferies Liam Burke - B. Riley Securities Operator Thank you for standing by, and welcome to the Capital Product Partners Third Quarter 2023 Financial Results Conference Call. We have with us Mr. Jerry Kalogiratos, Chief Executive Offic ...

Acquisition Details - Capital Product Partners L.P. (CPLP) will acquire certain vessels from Capital Maritime, involving 100% equity interests in Omega Gas Carriers Corp. and other subsidiaries[7]. - CPLP will acquire vessels with an aggregate acquisition price of $220 million, financed through an unsecured seller's credit from Capital Maritime[32]. - The total closing amount for the transactions is projected to be $500 million, which will be financed through a rights offering[61]. - CPLP has entered into agreements for the acquisition of 100% equity interests in CM Subsidiaries that own the vessels, with specific contractual delivery dates outlined[75]. - The acquisition of the remaining vessels is part of a broader strategy to expand CPLP's fleet and market presence[75]. - The Buyer will pay a total Purchase Price of $277,000,000 for the Shares, with a 10% deposit of $27,700,000 already paid and the remaining $249,300,000 due on the Closing Date[167]. - The Closing Date for the sale and transfer of the Shares is set for any date on or prior to January 26, 2025[143]. Rights Offering - CPLP plans to conduct a Rights Offering to finance part of the acquisition, with Capital Maritime agreeing to purchase 100% of any unexercised Common Units at the Rights Offering Price[8]. - The Rights Offering is subject to certain conditions precedent that need to be fulfilled before launch[29]. - CPLP will file a prospectus supplement with the SEC to register the offer and sale of common units related to the rights offering[72]. - The rights offering is set to close on November 24, 2023, for unitholders to participate[59]. - CPLP will commence a Rights Offering on November 27, 2023, with a price per Common Unit set at the greater of $14.25 or 95% of the volume weighted average price, capped at $14.50[104]. - The Rights Offering will remain open for at least 16 days, allowing investors to subscribe for Common Units[115]. - All proceeds from the Rights Offering will be applied toward payment of the Closing Amount[116]. - Capital Maritime will purchase any unexercised Common Units at the Rights Offering Price under the Standby Purchase Agreement[111]. Corporate Governance and Compliance - The agreement includes provisions for corporate governance and fairness opinions to protect the interests of CPLP's common unitholders[9]. - The Conflicts Committee received a fairness opinion from Evercore Group regarding the acquisition prices, confirming they are in the best interest of CPLP and its unitholders[33]. - The financial statements of the Vessel Owning Subsidiary will be accessible for auditing purposes to ensure compliance with applicable securities laws[125]. - The execution of the agreement does not violate any laws or require additional consents from governmental authorities[193]. - The Seller represents that the vessels will be seaworthy and compliant with maritime laws and regulations[124]. - The Vessel Owning Subsidiary is duly incorporated and in good standing under the laws of the Republic of the Marshall Islands, with full corporate power to conduct its business[172]. - There are no existing orders, judgments, or decrees requiring the Vessel Owning Subsidiary to take any action regarding its business or assets[173]. - The Vessel Owning Subsidiary has fulfilled all material obligations under its Contracts prior to the date of the agreement[175]. - The Seller has provided true and correct copies of the organizational documents of the Vessel Owning Subsidiary as of the date of the Agreement[149]. Strategic Initiatives - CPLP intends to explore the disposition of its container ships and will abstain from acquiring additional container ships following the Closing Date[9]. - CPLP's strategy includes leveraging new energy employment opportunities as part of its growth initiatives[76]. - Capital Maritime has granted CPLP rights of first refusal for LNG/C opportunities and new energy vessel opportunities[76]. Name Change - The Board of CPLP has approved a name change and is considering converting CPLP from a Marshall Islands master limited partnership to a corporation[9]. - The Name Change for CPLP to "Capital New Energy Carriers L.P." is expected to be publicly announced by December 31, 2023[158].

Despite the seasonal softening of spot and term rates from the highs of the fourth quarter of 2022, demand for LNG/Cs remains strong. As of July 2023, the 174k cbm 1-year Time Charter rate stands at $140,000/day. Overall, analysts expect the term market to tighten as we approach the winter period, particularly for modern vessels, in view of increased commodity demand. 5 Conference Call Details There will also be a live, and then archived, webcast of the conference call and accompanying slides, available thr ...

Capital Product Partners L.P. (NASDAQ:CPLP) Q2 2023 Results Conference Call July 27, 2023 9:00 AM ET Company Participants Jerry Kalogiratos - CEO Conference Call Participants Omar Nokta - Jefferies Frank Galanti - Stifel Operator Thank you for standing by, and welcome to the Capital Product Partners Second Quarter 2023 Financial Results Conference Call. We have with us Mr. Jerry Kalogiratos, Chief Executive Officer of the Company. At this time, all participants are in a listen-only mode. [Operator Instructi ...

Exhibit I CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS | | | | Three-month periods ended March 31, | | | | --- | --- | --- | --- | --- | --- | | | 2023 | | 2022 | | Increase/(Decrease) | | Revenues | $81.0 million | | $73.4 million | | 10% | | Expenses | $45.1 million | | $40.2 million | | 12% | | Net Income | $10.0 million | | $25.1 million | | (60%) | | Net Income per common unit | $ | 0.49 | $ | 1.26 | (61%) | | 1 Average number of vessels | | 21.4 | | 21.0 | 2% | • Operat ...

Capital Product Partners L.P. (NASDAQ:CPLP) Q1 2023 Results Conference Call May 5, 2023 10:00 AM ET Company Participants Jerry Kalogiratos - CEO Conference Call Participants Omar Nokta - Jefferies Ben Nolan - Stifel Liam Burke - B. Riley Securities Operator Thank you for standing by, and welcome to the Capital Product Partners' First Quarter 2023 Financial Results Conference Call. We have with us Mr. Jerry Kalogiratos, Chief Executive Officer of the company. At this time, all participants are in a listen-on ...

• any form of execution, attachment, arrest, sequestration or distress which has or is reasonably likely to have a Material Adverse Effect (as such term is defined under our financing arrangements); • an event of insolvency or bankruptcy; • invalidity of a security document in any material respect or if any security document ceases to provide a perfected first priority security interest; 23 Table of Contents On July 27, 2017, the UK Financial Conduct Authority ("FCA") announced that it would phase-out LIBOR ...

CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES FOURTH QUARTER 2022 FINANCIAL RESULTS Highlights • Operating Surplus 2 and Operating Surplus after the quarterly allocation to the capital reserve for the fourth quarter of 2022 were $37.3 million and $6.3 million, respectively. • Announced common unit distribution of $0.15 for the fourth quarter of 2022. • In October 2022 and January 2023 respectively, the Partnership took delivery of the M/V Manzanillo Express and the M/V Itajai Express. Upon delivery both commenced ...