Dynagas LNG Partners LP Announces Full Redemption of Series B Units

Published: 2025-05-29 09:05:55 ET DLNG

Published on 05/29/2025 at 09:05

On or about May 27, 2025, Dynagas LNG Partners LP (Partnership) issued, or will issue, a notice of full redemption to the holders of its 8.75% Series B Fixed to Floating Rate Cumulative Redeemable Perpetual Preferred Units (CUSIP No. Y2188B124) (the ?Series B Preferred Units?), notifying such holders that the Partnership has elected to exercise its option to redeem all of the issued and outstanding Series B Preferred Units on July 25, 2025 (the ?Redemption Date? and such redemption, the ?Redemption?).

After the Redemption, there will be no Series B Preferred Units outstanding and all rights of the holders of Series B Preferred Units will terminate, except the right of such holders to receive the Redemption Price (as defined below). Furthermore, because all of the issued and outstanding Series B Preferred Units are being redeemed, trading of the Series B Preferred Units on the New York Stock Exchange will cease prior to market open on the Redemption Date. The redemption price will be equal to $25.00 per redeemed Series B Preferred Unit, plus an amount equal to all accumulated and unpaid distributions thereon to the Redemption Date, whether or not declared (the ?Redemption Price?), which will be payable in cash on the Redemption Date.