Dynagas LNG Partners said that it is voluntarily transferring the listing of its common units representing limited partnership interests to the New York Stock Exchange from the NASDAQ Global Select Market.
The partnership expects its common units to cease trading on NASDAQ effective at the close of business on December 29, 2014, and to commence trading on the NYSE on December 30, 2014, when the market opens. The partnership will retain its current ticker symbol “DLNG” when trading begins on the NYSE.
The partnership has decided to delist its common units from NASDAQ and transfer the listing to the NYSE because the it believes that the NYSE will provide more flexible trading platforms for the partnership’s securities and enhanced investor access, the company said in a statement.
The partnership also informed that it intends to list its $250.0 million aggregate principal amount 6.25% Senior Notes due 2019 for trading on the NYSE. The partnership issued the notes on September 15, 2014 in an underwritten public offering in which Dynagas Finance, a wholly-owned subsidiary of the partnership, acted as co-issuer. Prior to the expected listing on the NYSE, the notes have not been listed for trading on any other securities exchange. The partnership expects the notes to commence trading on the NYSE on December 30, 2014. The notes will trade under the symbol “DLNG 19”.
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Press Release; Image: Dynagas LNG