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Dynagas LNG Partners LP, 8.75% Series B Fix/Float Cumul Red Perp Preferred Units
Ticker Symbol: DLNG-B     CUSIP: Y2188B124     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Dynagas LNG Partners LP, 8.75% Series B Fixed to Floating Cumulative Redeemable Perpetual Preferred Units. liquidation preference $25 per unit, redeemable at the issuer's option on or after 11/22/2023 at $25 per unit plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions of 8.75% per annum ($2.1875 per annum or $0.546875 per quarter) will be paid quarterly on 2/22, 5/22, 8/22 & 11/22 to holders of record on the record date that will be the fifth business day prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). From and including 11/22/2023, the distribution rate will be a floating rate equal to three-month LIBOR plus a spread of 5.593% per annum.

Dividends paid by these preferred units are generally eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see the prospectus for extensive further information starting at page S-56).

This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred units rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common units of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
FixFloat
$2.19
$25.00
$25.00
11/22/2023
None
NR NF
5/21/2023
2/22, 5/22, 8/22 & 11/22
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (DLNG)

Notes:  Sept. 19, 2019 -- Dynagas LNG Partners LP announced today that it has entered into definitive documentation with leading international banks for a syndicated $675 million senior secured term loan. The Credit Facility will be secured by, among other things, first priority mortgages on the six LNG carriers in the Partnership's fleet. Under the terms of the Credit Facility, the Partnership will be restricted from paying distributions to its common unit-holders while borrowings are outstanding under the Credit Facility. Scheduled distributions to the preferred unit-holders under the existing Series A Preferred Units and Series B Preferred Units will not be restricted provided there is no event of default while the Credit Facility remains outstanding.

IPO - 10/16/2018 - 2.20 Million Units @ $25.00 /unit.    Link to IPO Prospectus
Previous Ticker Symbol: DGAGF    Changed: 10/26/2018
Market Value $ Million

Company's Online Information Links
HOME PAGE:     http://www.dynagaspartners.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address dynagas@capitallink.com
General Email Address management@dynagaspartners.com
Email Contact Form on Website Go to Email Form

Foreign Address and Phone Numbers
Address:   Poseidonos Avenue and Foivis 2 Street, 166 74 Glyfada, Athens, Greece
Main Phone Number +30 210 891 7960
Inv Rel Phone Number +30 210 891 7960

Address and Phone Numbers
U.S. Representative N.A.
Address:   
Main Phone Number Not Available
Fax Number Not Available
Investor Relations   Nicolas Bornozis, Capital Link, Inc. 212-661-7566
CEO - Tony Lauritzen CFO - Michael Gregos


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