Nasdaq Global Market
"CPLP" 120,409,456 Common Units 2,439,989 General Partner Units 12,983,333 Class B Convertible Preferred Units
Capital Product Partners L.P. (Nasdaq: CPLP) is an international, diversified shipping company and leader in the seaborne transportation of a wide range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil, jet fuel and edible oils, as well as dry cargo and containerized goods. As a publicly traded master limited partnership, CPLP has elected to be treated as a C-Corp. for tax purposes which is most beneficial for U.S. investors (as they receive the standard 1099 form). The Partnership is well-positioned to benefit from the long-term growth dynamics of the global shipping industry and to capitalize on potential acquisition opportunities in the fragmented shipping market. CPLP benefits from the commercial and technical management agreement with its Sponsor, Capital Maritime & Trading Corp. ("Capital Maritime"), an established and reputable diversified shipping company.
Modern High Specification Fleet
• The CPLP fleet currently consists of thirty four high specification vessels: four suezmax crude oil tankers, twenty MR (Medium Range) product tankers, all of which are classed as IMO II/III vessels, nine post-panamax container carrier vessels and one capesize bulk carrier.
• The average age of the CPLP fleet (weighted by dwt) is 6.5 years (as of September 30, 2015). Its thirteen Ice Class 1A MR chemical/product tankers represent one of the largest such fleets in the world.
Fleet Employment -- Visible & Stable Cash Flows
• CPLP vessels are chartered under medium- to long-term, fixed-rate time and bareboat charters with counterparties such as A.P. Moller-Maersk A.S., BP Shipping Limited, Cargill International S.A., CMA-CGM S.A., Cosco Bulk Carrier Co. Ltd., CSSA S.A. (Total S.A.), Engen Petroleum, Hyundai Merchant Marine Co. Ltd., Overseas Shipholding Group Inc., Petróleo Brasileiro S.A. ('Petrobras'), Repsol Trading S.A. ('Repsol'), Shell International Trading & Shipping Company Ltd., Stena Bulk A.B. and Capital Maritime.
|Ex-dividend date ||Amount ||Record date ||Pay date |
|February 3, 2016 ||$0.2385 ||February 5, 2016 ||February 12, 2016 |
|November 4, 2015 ||$0.2385 ||November 6, 2015 ||November 13, 2015 |
|August 5, 2015 ||$0.2365 ||August 7, 2015 ||August 14, 2015 |
|May 5, 2015 ||$0.2345 ||May 7, 2015 ||May 13, 2015 |