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Operator
Thank you for standing by, and welcome to the Capital Product Partners Fourth Quarter 2020 Financial Results Conference Call. We have with us Mr. Jerry Kalogiratos, Chief Executive Officer of the company. [Operator Instructions] I must advise you that this conference is being recorded today.
The statements in today s conference call that are not historical facts, including our expectations regarding cash generation, equity returns and future debt levels, our ability to pursue growth opportunities, our expectations or objectives regarding future distribution amounts, capital reserve amounts, distribution coverage, future earnings, capital allocation as well as our expectations regarding market fundamentals and the employment of our vessels, including redelivery dates and charter rates may be forward-looking statements as such as defined in Section 21E of the Securities Exchange Act of 1934 as amended.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Capital Product Partners L.P. Announces Fourth Quarter 2020 Financial Results, the Acquisition .
Capital Product Partners L.P.January 29, 2021 GMT
ATHENS, Greece, Jan. 29, 2021 (GLOBE NEWSWIRE) Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today released its financial results for the fourth quarter ended December 31, 2020.
Highlights
$7.3 million
$0.38
Agreed to acquire three 5,100 TEU container vessels with five year employment for a total consideration of $40.5 million.
Operating Surplus1 and Operating Surplus after the quarterly allocation to the capital reserve for the fourth quarter of 2020 was $20.7 million and $11.4 million respectively.
Earnings Scheduled For January 29, 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.