Wednesday, April 29, 2009

4/29 buy Capital Product Partners (CPLP) @ $8.55



Ex-Dividend Date:   5/5  Dividend:  $0.41  Div Yield:  26%  Payable Date:  5/15

Capital Product Partners L.P. (CPP) is an international owner of product tankers. The Company is engaged in the seaborne transportation services of crude oil and refined petroleum products, edible oils and soft chemicals, by chartering its vessels under medium to long-term time and bareboat charters. The Company's fleet consists of 18 double-hull tankers with an average age of approximately 3 years as of February 28, 2009. As of February 28, 2009, Capital Maritime & Trading Corp. (CMTC) owned a 46.6% interest in the Company. The Company's 18 vessels trade on a worldwide basis and are capable of carrying crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and certain chemicals, such as ethanol. CPP charters its vessels to charterers, such as BP Shipping Limited, Morgan Stanley Capital Group Inc., Trafigura Beheer B.V., Shell International Trading & Shipping Company Ltd. and subsidiaries of Overseas Shipholding Group Inc.


Company Contact
Headquarters:3, Iassonos Street
Piraeus
Athens
GRC


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