Dynagas LNG Partners LP(DLNG)- NYSE
  • 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.
    | Sep. 23, 2014, 4:29 PM | 1 Comment