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Investor Relations

Company Overview

Capital Product Partners L.P. (Nasdaq: CPLP) is an international shipping company and leader in the seaborne transportation of refined oil products and chemicals. We are well-positioned to benefit from the long-term growth dynamics of the product tanker industry worldwide, and our fleet is compliant with current regulatory requirements applicable to tanker vessels.

Our sponsor, Capital Maritime & Trading Corp. is a long-established, diversified shipping group, which currently owns a 37.6% stake in us. We benefit from our sponsor's prominent position in the shipping market, its relationships with oil majors and its cost-effective fleet management.

Our fleet currently consists of twenty high specification double-hull tankers, with an average age of approximately 3.9 years (as of July, 2010). Our twelve Ice Class 1A Medium Range (MR) chemical/product tankers represent one of the largest such fleets in the world.

Currently, most of our fleet is chartered under medium to long-term time or bareboat charters. The average remaining term of the charters of our fleet is approximately 3.7 years (as of July, 2010) with established counterparties such as BP Shipping Limited, Morgan Stanley Capital Group, Overseas Shipholding Group, Petróleos Mexicanos (PEMEX), Shell International Trading & Shipping Company Ltd. and our sponsor, Capital Maritime & Trading Corp. We believe that we have a base of stable cash flows, given the combination of the medium to long-term nature of our charters (which provide for the receipt of a fixed base fee for the life of the charter) and our management agreement with a subsidiary of Capital Maritime (that provides, for a fixed daily fee, management for approximately five years per vessel from delivery and includes the next scheduled drydocking or special survey of the vessels).

On July 30, 2010, our Management revised upwards the Partnership's annual distribution guidance by 3 cents to $0.93 (from $0.90), paid equally over 4 quarters. We expect that the quarterly distributions under the revised guidance will start from the third quarter, onwards. Moreover, we expect that the new guidance is sustainable even in a lower time charter environment. The yield of the units as of July 30 was 10.03%.

A publicly traded master limited partnership, we have elected to be treated as a C-Corp. for tax purposes (our investors receive the standard 1099 form and not a K-1 form). For more information on Capital Product Partners L.P. please see our Annual Report (on Form 20F).