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Dynagas declares cash distribution on its Series B Preferred Units

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LNG Industry,

Dynagas LNG Partners LP has declared a cash distribution of US$0.7231 per unit on its Series B Fixed to Floating Rate Cumulative Redeemable Perpetual Preferred Units for the period from and including 23 October 2018 to, but excluding, 22 February 2019.

According to the statement, the cash distribution is payable on 22 February 2019 to all Series B Preferred Unit holders of record as of 15 February this year.

Dynagas claims that the distributions on the Series B Preferred Units will be payable quarterly in arrears on the 22nd day of February, May, August and November (unless the 22nd day falls on a weekend or a public holiday, in which case, the payment date is moved to the next business day) of each year, when, as and if declared by the company’s Board of Directors. This is the initial distribution on the Series B Preferred Units.

According to the statement, the Partnership had 2 200 000 Series B Preferred Units outstanding as of the date of this press release (1 February 2019).

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