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DYNAGAS LNG Partners LP 1 DY NAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE MONTHS ENDED MARCH 31 , 2021 ATHENS- June 17 , 2021 – Dynagas LNG Partners LP ( NY SE : “ DLNG ” ) ( “ Dynagas Partners " or the " Partnership " ) , an owner and operator of liquefied natural gas ( “ LNG ” ) carriers , today announced its results for the three months ended March 31 , 2021 . Quarter Highlights : Net income and earnings per common unit of $ 15.9 million and $ 0.36 , respectively ; Adjusted Net Income ( ¹ ) and Adjusted EBITDA ( ¹ ) of $ 10.6 million and $ 23.9 million , respectively ; 100 % fleet utilization ( 2 ) ; Declared and paid cash distribution of $ 0.5625 per unit on its Series A Preferred Units ( NY SE : " DLNG PR A " ) for the period from November 12 , 2020 to February 11 , 2021 and $ 0.546875 per unit on the Series B Preferred Units ( NY SE : “ DLNG PR B " ) for the period from November 22 , 2020 to February 21 , 2021 ; and Sold $ 1.32 million of common units at an average price per unit of $ 2.9800 pursuant to the Partnership's Amended & Restated Sales A greement , which has $ 28.7 million of remaining availability as of March 31 , 2021 . Subsequent Events : Declared a quarterly cash distribution of $ 0.5625 on the Partnership's Series A Preferred Units for the period from February 12 , 2021 to May 11 , 2021 , which was paid on May 12 , 2021 ; Declared a quarterly cash distribution of $ 0.546875 on the Partnership's Series B Preferred Units for the period from February 22 , 2021 to May 21 , 2021 , which was paid on May 24 , 2021 ; Sold $ 2.15 million of common units at an average price per unit of $ 2.8769 pursuant to the Partnership's Amended & Restated Sales Agreement , which has $ 26.5 million of remaining availability ; and Entered into a new time charter party agreement with Equinor A SA ( " Equinor " ) for the employment of our LNG carrier Arctic Aurora . Under the new time charter agreement , the Arctic Aurora is expected to be delivered to Equinor in September 2021 in direct continuation of the current charter party with Equinor , meaning there will be no lapse of time between the current and the new time charter . The term ' in direct continuation ' does not refer to the contracted income . 1