Teekay LNG Partners Declares Distributions on Series A and Series B Preferred Units
December 14 2017 - 4:01PM
Teekay GP LLC, the general partner of Teekay LNG Partners L.P.
(Teekay LNG or the Partnership) (NYSE:TGP), has declared cash
distributions of $0.5625 per unit on the Partnership’s Series A
preferred units (NYSE:TGP PR A) for the period from October 1, 2017
to December 31, 2017 and $0.40139 per unit on the Partnership’s
Series B preferred units (NYSE:TGP PR B) for the period from
October 23, 2017 to December 31, 2017. The cash distributions are
payable on January 15, 2018 to all unitholders of record as at
December 29, 2017.
About Teekay LNG
Teekay LNG Partners is one of the world's
largest independent owners and operators of LNG carriers, providing
LNG, LPG and crude oil marine transportation services primarily
under long-term, fixed-rate charter contracts through its interests
in 50 LNG carriers (including 15 newbuildings), 30 LPG/Multigas
carriers (including three newbuildings) and five conventional
tankers. The Partnership's interests in these vessels range from 20
to 100 percent. In addition, the Partnership owns a 30
percent interest in a regasification terminal, which is currently
under construction. Teekay LNG Partners L.P. is a
publicly-traded master limited partnership (MLP) formed by Teekay
Corporation (NYSE:TK) as part of its strategy to expand its
operations in the LNG and LPG shipping sectors.
Teekay LNG Partners’ common units and preferred
units trade on the New York Stock Exchange under the symbol “TGP”,
“TGP PR A” and “TGP PR B”, respectively.
For Investor Relations enquiries
contact:
Ryan HamiltonTel: +1 (604) 609-2963Website: www.teekay.com
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