CAPITAL PRODUCT PARTNERS L.P.
INCREASES CASH
DISTRIBUTION
Athens,
Greece, July 28, 2008 -- Capital Product Partners L.P. (Nasdaq:CPLP) today
announced that its board of directors has declared a cash distribution of $0.41
per unit for the second quarter ended June 30, 2008.
This
represents an increase from the previous cash distribution of $0.40 per unit
which was paid for the period from January 1, 2008 to March 31, 2008. The
minimum quarterly distribution at the time of the IPO was set at $0.375.
The
cash distribution for the second quarter is payable on August 15, 2008, to
unitholders of record on August 6, 2008.
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. The
Partnership owns 17 vessels, including 14 modern MR tankers, two small product
tankers and one Suezmax crude oil tanker, and expects to take delivery of an
additional product tanker from Capital Maritime & Trading Corp. in August.
All 18 vessels are under medium- to long-term charters to BP Shipping Limited,
Morgan Stanley Capital Group Inc., Overseas Shipholding Group, Shell
International Trading & Shipping Company Ltd., and Trafigura Beheer
B.V.
Forward-Looking
Statements
The
statements in this press release that are not historical facts, including
statements regarding the increase in our distributions, 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.