Capital Product sticking with MLP status as analyst questions structure

Capital Product Partners (CPLP) plans to remain a master limited partnership (MLP) despite potentially forcing general partner Capital Maritime into asset warfare.

The company faced questions over its corporate structure after the shipowner slashed its shareholder payouts, leading an analyst to wonder whether the MLP structure is worth keeping.

Greek billionaire Evangelos Marinakis founded CPLP in 2007 as an MLP, which combines a private partnership's tax perks — profits are taxed if investors get distributions — with a listed company's liquidity.