Dynagas LNG Partners LP Reports New US Taxation Rules on PTPs Do Not Affect Dynagas Unit Holders
05 Dezembro 2022 - 6:05PM
Dynagas LNG Partners LP (NYSE: “DLNG”) (the “Partnership”), an
owner and operator of liquefied natural gas carriers, announced
today that new U.S. Treasury Regulations that come into effect on
January 1, 2023, will require brokers to withhold on gross proceeds
received by a non-U.S. person from the sale of an interest in a
publicly traded partnership which is taxed as a partnership for
U.S. federal income tax purposes a (“PTP”). As a result of these
new regulations, certain non-U.S. brokers may not permit non-U.S.
persons to hold such PTP interests in their brokerage account. The
Partnership is a publicly traded partnership that has elected to be
taxed as a corporation for U.S. federal income tax purposes.
Therefore, interests in the Partnership are not subject to these
new regulations. Please refer to http://www.dynagaspartners.com for
further information.
Contact Information:
Dynagas LNG Partners LP Attention: Michael Gregos Tel.
+30 210 8917960Email:
management@dynagaspartners.com Investor Relations/
Financial Media: Nicolas Bornozis/Markella KaraCapital Link,
Inc. 230 Park Avenue, Suite 1540 New York, NY
10169 Tel. (212)
661-7566 E-mail: dynagas@capitallink.com
Forward-Looking StatementsMatters 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,” “may,”
“should,” “expect,” “expected,” “pending” and similar expressions
identify forward-looking statements. The forward-looking statements
in this press release are based upon various assumptions, 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 in the
forward-looking statements include the strength of world economies
and currencies, general market conditions, including fluctuations
in charter rates and vessel values, changes in 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
rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general
domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events,
vessel breakdowns and instances of off-hires and other factors.
Please see our filings with the U.S. 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.
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