Sep. 23, 2014, 4:29 PM
- Dynagas LNG Partners (NASDAQ:DLNG) agrees to buy ownership interests in the entity that owns and operates the Yenisei River, a 2013 built ice class liquefied natural gas carrier, and the related time charter contract, from Dynagas Holding for $257.5M.
- DLNG believes the deal is an accretive transaction consistent with its growth strategy.
- Following completion, DLNG says it will recommend an increase quarterly cash distribution per unit of $0.03-$0.035, or annualized increase of $0.12-$0.14.
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