Dynagas LNG Partners LP Declares Cash Distribution on Series A Units

TL;DR

Dynagas LNG Partners LP is paying out cash to Series A preferred unitholders.

AI Summary

Dynagas LNG Partners LP announced on July 22, 2024, that it will declare a cash distribution on its Series A preferred units. The press release, filed as Exhibit 99.1 to this Form 6-K, details this upcoming distribution, which is incorporated by reference into the Partnership's registration statement on Form F-3.

Why It Matters

This announcement directly impacts Series A preferred unitholders by confirming a cash payout, providing them with income from their investment.

Risk Assessment

Risk Level: low — The filing is a routine announcement of a preferred unit distribution, not indicating any significant operational or financial changes.

Key Players & Entities

• Dynagas LNG Partners LP (company) — Registrant
• Series A preferred units (security) — Subject of distribution
• July 22, 2024 (date) — Date of press release
• Exhibit 99.1 (document) — Attached exhibit
• Form F-3 (File No. 333-240014) (document) — Incorporated registration statement

FAQ

Key Financial Figures

• $0.5625 — ors has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Red

Filing Documents

• f72324dlng6k.htm (6-K) — 13KB
• f72324dlng6k002.gif (GRAPHIC) — 14618KB
• 0001317861-24-000036.txt ( ) — 20143KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: July 23, 2024 DYNAGAS LNG PARTNERS LP By: /s/ Tony Lauritzen Name: Tony Lauritzen Title: Chief Executive Officer Exhibit 99.1 DYNAGAS LNG PARTNERS LP DECLARES CASH DISTRIBUTION ON ITS SERIES A PREFERRED UNITS ATHENS July 22, 2024 - Dynagas LNG Partners LP (the Partnership) (NYSE: DLNG), an owner and operator of LNG carriers, today announced that its Board of Directors has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (the Series A Preferred Units) (NYSE: DLNG PR A) for the period from May 12, 2024 to August 11, 2024. The cash distribution is payable on August 12, 2024 to all preferred unit holders of record as of August 5, 2024. Distributions on the Series A Preferred Units will be payable quarterly in arrears on the 12 th day (unless the 12 th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of February, May, August and November of each year, when, as and if declared by our Board of Directors. This is the thirty-sixth sequential cash distribution on the Series A Preferred Units since they began trading on the NYSE. The Partnership has 3,000,000 Series A Preferred Units outstanding as of the date of this press release. About Dynagas LNG Partners LP Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnerships current fleet consists of six LNG carriers, with aggregate carrying capacity of approximately 914,000 cubic meters. Visit the Partnerships website at www.dynagaspartners.com . Contact Information: Dynagas LNG Partners LP Attention: Michael Gregos Tel. +30 210 8917960 Email: management@dyna

Forward-Looking Statements

Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words believe, anticipate, intends, estimate, forecast, project, plan, potential, may, should, expect, expected, pending and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnerships management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnerships control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. In addition to these important factors, other important factors that, in the Partnerships view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel va

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