Thursday, March 14, 2019

Equity Corporate Actions Alert #2019 - 46
(UPDATED) Information Regarding the Spin-Off for Capital Product Partners L.P. (CPLP)

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Resources:

On Friday, March 8, 2019, Capital Product Partners L.P. (CPLP) announced a spin-off of its crude and product tanker business into a separate publicly listed company, Diamond S Shipping Inc., and a one-for-seven (1-7) reverse split of its common stock. The shares of Diamond S Shipping Inc. became listed on the New York Stock Exchange. The EX distribution when-issued market of Capital Product Partners L.P. Inc. became listed for trading on Nasdaq on Monday, March 18, 2019 and will be on a post-reverse split basis. The one-for-seven (1-7) reverse split will become effective on Thursday, March 28, 2019. In conjunction with the reverse split, the CUSIP number will change to Y11082206. The details for the spin-off and when-issued market are as follows:

Company/ Parent: Capital Product Partners L.P.
Issue: Limited Partnership Common Units
CUSIP: Y11082107
Symbol: CPLP
Record Date: March 19, 2019
Payment Date: March 27, 2019
EX Date: March 28, 2019
Due Bill Redemption Date: March 29, 2019
Ratio of Spin-Off/ Distribution:
1 share of Diamond S Shipping Inc. Common Stock (DSSI) for each 10.19149 shares of Capital Product Partners L.P. Common Unit held. (CPLP)

An EX distribution when issued market was established for Capital Product Partners L.P. Trades in the EX distribution when issued market will not carry due-bills for the spin off/distribution, and will be on a post reverse split basis. The details for the EX distribution when-issued market are as follows:

Symbol: CPLPV
CUSIP: Y11082123
First Trade Date: March 18, 2019
Anticipated Suspension Date: March 28, 2019
Settlement Date: April 1, 2019

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in CPLP or CPLPV contact Nasdaq Trading Services at +1 212 231 5100.


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