Core Points - Dynagas LNG Partners LP has declared a cash distribution of $0.677286319 per unit on its Series B Preferred Units for the period from November 22, 2024, to February 23, 2025 [1][2] - The distribution rate for this period is 10.375450%, calculated as the sum of the Credit Adjusted Three-Month CME Term SOFR of 4.782450% plus a spread of 5.593% [2] - The cash distribution is payable on February 24, 2025, to all Series B Preferred Unitholders of record as of February 14, 2025 [2][3] Distribution Details - Distributions on the Series B Preferred Units are payable quarterly in arrears on the 22nd day of February, May, August, and November, contingent upon declaration by the Board of Directors [3] - This marks the twenty-fifth sequential cash distribution on the Series B Preferred Units since they began trading on the NYSE [3] - As of the date of the press release, there are 2,200,000 Series B Preferred Units outstanding [4] Company Overview - Dynagas LNG Partners LP is a master limited partnership that owns and operates LNG carriers employed on multi-year charters [5] - The current fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters [5]
Dynagas LNG Partners LP Declares Cash Distribution on its Series B Preferred Units