Dynagas LNG Partners Series B 8.75% Fixed to Floating Rate Cumulative Redeemable Perpetual Units

By: ,

Date Issued  10/16/2018

Shares Issued    2,200,000    Overallotment Shares    330,000

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol   DLNG-B   OTC Temporary Ticker  DGAGF

Market Traded ON   NYSE

Dividend Payment Paid on the 22th of February, May, August and November beginning on 02/22/2019

Quarterly Dividend   .547   Annual Dividend   2.188

Securities may be redeemed, at the issuers option, as early as 11/22/2023 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distribution

Maturity Date   None

NOTE that Dynagas LNG Partners is a ‘1099’ partnership and thus this issue will not generate a K-1.

 

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Company Investor Relations Page for Dynagas LNG Partners

Click here t0 find the offering Prospectus and/or Final Pricing Document

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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