Capital Product (CPLP) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Capital Product Partners L.P. is set to transform into Capital Clean Energy Carriers Corp., a Marshall Islands corporation, with all partnership interests converting into common shares of the new entity. The conversion, backed unanimously by various boards and committees, will not affect the partnership’s prior obligations or liabilities and is seen as a continuation of the partnership’s existence. Shareholders should anticipate a seamless transition with their interests automatically converting into shares of the new corporation.
For further insights into CPLP stock, check out TipRanks’ Stock Analysis page.