Company: DLNG
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001104659-25-033744
Chunk: 272

Company: Dynagas LNG Partners LP
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 272
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 unitholders on February 22, 2024.
We paid a cash distribution of $0.69853375 per unit on to all Series B Preferred unitholders on May 22, 2024.
We paid a cash distribution of $0.714537806 per unit on to all Series B Preferred unitholders on August 22, 2024.
We paid a cash distribution of $0.69999031 per unit on to all Series B Preferred unitholders on November 22, 2024.
We paid a cash distribution of $0.677286319 per unit on to all Series B Preferred unitholders on February 24, 2025. 
See “Item 8. Financial Information—A. Consolidated Statements and Other Financial Information—Our Cash Distribution Policy.”
General Partner Distributions
During the years ended December 31, 2024 and 2023, the Board of Directors approved a quarterly cash distribution to its General Partner and holder of the incentive distribution rights in the Partnership, of an amount of $1,741 and nil, respectively.
The declaration and payment of distributions, if any, is always subject to the discretion of our Board of Directors. We may reduce or eliminate our cash distributions relating to our common units or preferred units at any time in our sole discretion.

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Securities Transactions (following the IPO)
In June 2014, we completed our underwritten public offering of 4,800,000 common units at $22.79 per common unit, and on June 18, 2014, the underwriters in the offering exercised their option to purchase an additional 720,000 common units at the same price.
In September 2014, we completed our underwritten public offering of $250.0 million in aggregate principal amount of our 6.25% Senior Notes due 2019, or our 2019 Notes. The 2019 Notes commenced trading on the NYSE on December 30, 2014 under the ticker symbol “DLNG 19.” On October 30, 2019, we redeemed the entire outstanding balance of the 2019 Notes of $250 million aggregate principal amount using proceeds from the $675 Million Credit Facility together with cash on hand.
In July 2015, we completed our underwritten public offering of 3,000,000 of our 9.00% Series A Cumulative Redeemable Preferred Units at $25.00 per unit. Our Series A Preferred Units trade on the