Capital Product Partners (CPLP) Misses Q3 EPS by 1c; Acquires M/T 'Amor', Boosts Qtr. Distribution
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Capital Product Partners L.P. Announces Third Quarter 2016 Financial Results, the Acquisition of the Product Tanker M/T 'Amor' and an Increase to Its Quarterly Distribution From the Fourth Q
October 31, 2016 8:30 AM EDTATHENS, GREECE -- (Marketwired) -- 10/31/16 -- Capital Product Partners L.P. (the "Partnership" or "CPLP") (NASDAQ: CPLP), an international diversified shipping partnership, today released its financial results for the third quarter ended September 30, 2016.
The Partnership's net income for the quarter ended September 30, 2016 was $11.8 million. After taking into account the preferred interest in net income attributable to the unit holders of the 12,983,333 Class B Convertible Preferred Units outstanding as of September 30, 2016 (the "Class B Units" and the "Class B Unitholders"), and the general partner's interest in the Partnership's net income, net income per common unit for... More
