Capital Product Partners' Corporate Conversion, Name Change Receive Approval

Capital Product Partners (CPLP) said Friday that its corporate conversion and name change have been approval from a majority of its unitholders, its board and its general partner, Capital GP LLC.

The company said its conversion to a Marshall Islands corporation from a Marshall Islands limited partnership and name change to Capital Clean Energy Carriers are expected to be completed by Aug. 26.

The company said that upon completion, its common shares will trade on the Nasdaq Global Select Market under the new name with ticker symbol CCEC.

Capital GP will give up its existing management and consent rights with respect to Capital Product in connection with the corporate conversion, Capital Product said.

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