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Shipping vessel charterer Capital Product Partners L.P. files for IPO, announces terms

March 20, 2007

Capital Product Partners, a limited partnership formed to own and charter shipping vessels, filed for IPO Monday. The company's parent and sole unitholder, Capital Maritime & Trading, plans to sell 11.75 million shares at an estimated price range of $19.00 to $21.00. Merrill Lynch and UBS are the joint bookrunners on the deal.