Dynagas LNG Partners LP Announces the Date of Its 2022 Annual General Meeting of Limited Partners
26 Ottobre 2022 - 10:05PM
Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the
“Partnership”), an owner and operator of liquefied natural gas
(“LNG”) carriers, announced today that its Board of Directors (the
“Board”) has scheduled the Partnership’s 2022 Annual General
Meeting of Limited Partners (the “Meeting”) to be held on November
30, 2022 at 4:00 p.m., local time, at 97 Poseidonos Avenue and 2
Foivis Street, 166-74 Glyfada, Athens, Greece. The Board has fixed
a record date of October 20, 2022 (the “Record Date”) for the
determination of the Limited Partners entitled to receive notice of
and to vote at the Meeting or any adjournment thereof.
The Partnership’s Notice of the Meeting and
Proxy Statement will be mailed on or about October 25, 2022 to
Limited Partners of record as of the Record Date and will be
furnished to the Securities and Exchange Commission (the
“Commission”) and available on the Commission’s website at
www.sec.gov. The Notice of the Meeting and Proxy Statement and the
Partnership’s 2021 Annual Report are also available on the
Partnership’s website at www.dynagaspartners.com.
Forward-Looking
Statements:Matters discussed in this press release
may constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Partnership desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words “believe,”
“anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,”
“potential,” “project”, “will”, “may,” “should,” “expect,”
“expected,” “pending” and similar expressions identify
forward-looking statements. These forward-looking statements are
not intended to give any assurance as to future results and should
not be relied upon.
The forward-looking statements in this press
release are based upon various assumptions and estimates, many of
which are based, in turn, upon further assumptions, including
without limitation, examination by the Partnership’s management of
historical operating trends, data contained in its records and
other data available from third parties. Although the Partnership
believes that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond the Partnership’s control, the
Partnership cannot assure you that it will achieve or accomplish
these expectations, beliefs or projections.
In addition to these important factors, other
important factors that, in the Partnership’s view, could cause
actual results to differ materially from those discussed, expressed
or implied, in the forward-looking statements include, but are not
limited to, the strength of world economies and currency
fluctuations, general market conditions, including fluctuations in
charter rates, ownership days, and vessel
values, changes in supply and demand
for Liquefied Natural Gas (LNG) shipping
capacity, changes in the Partnership’s operating expenses,
including bunker prices, drydocking and insurance costs, the market
for the Partnership’s vessels, availability of financing and
refinancing, changes in governmental laws, rules and regulations or
actions taken by regulatory authorities, economic,
regulatory, political and governmental conditions that affect the
shipping and the LNG industry, potential liability from pending or
future litigation, and potential costs due to environmental damage
and vessel collisions, general domestic and international political
conditions, potential disruption of shipping routes due to
accidents or political events, vessel breakdowns, instances of
off-hires, the length and severity of epidemics and pandemics,
including COVID-19, the impact of public health threats and
outbreaks of other highly communicable diseases, the impact of the
expected discontinuance of the London Interbank Offered Rate, or
LIBOR, after June 30, 2023 on any of our debt referencing
LIBOR in the interest rate, the amount of cash available for
distribution, and other factors. Due to the ongoing Russian
conflicts with Ukraine, the United States, the European Union,
Canada and other Western countries and organizations have announced
and enacted numerous sanctions against Russia to impose severe
economic pressure on the Russian economy and government. The full
impact of the commercial and economic consequences of the Russian
conflict with Ukraine are uncertain at this time. Potential
consequences of the sanctions that could impact the Partnership’s
business in the future include but are not limited to: (1) limiting
and/or banning the use of the SWIFT financial and payment system
that would negatively affect payments under the Partnership’s
existing vessel charters; (2) the Partnership’s counterparties
being potentially limited by sanctions from performing under its
agreements; and (3) a general deterioration of the Russian economy.
In addition, the Partnership may have greater difficulties raising
capital in the future, which could potentially reduce the level of
future investment into its expansion and operations. The
Partnership cannot provide any assurance that any further
development in sanctions, or escalation of the Ukraine situation
more generally, will not have a significant impact on its business,
financial condition or results of operations. Please see the
Partnership’s filings with the Securities and Exchange Commission
for a more complete discussion of these and other risks and
uncertainties. The information set forth herein speaks only as of
the date hereof, and the Partnership disclaims any intention or
obligation to update any forward-looking statements as a result of
developments occurring after the date of this communication.
Contact
Information:Dynagas LNG Partners LP Attention:
Michael Gregos Tel. +30 210 8917960Email:
management@dynagaspartners.com
Investor Relations/
Financial Media:Nicolas Bornozis
Capital Link, Inc.230 Park Avenue, Suite 1540New York, NY 10169Tel.
(212) 661-7566E-mail: dynagas@capitallink.com
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