GasLog Partners LP 8.50% Series C Cumulative Redeemable Perpetual Fixed To Floating Rate Preference Units

Shares shall carry a coupon of 8.50% until 3/15/2024 at which time the coupon will float at the rate of 3 month libor plus a spread of 5.317%.

Investors in this security will receive a 1099 NOT a K-1 as GasLog Partners has chosen to be taxed as a C-Corp.

GasLog Partners merged with Gaslog LTD on 7/13/2023. Gaslog LTD is the surviving company, but Gaslog Partners preferreds remain outstanding. Gaslog LTD had previously done a ‘take private deal and thus is not publicly traded.

This issue will trade with SOFR + .2616% replacing LIBOR. So 3 month SOFR + .2616 will be added to a spread of 5.317%

Ticker: GLOP-C

Parent Ticker: GLOP

OTC Grey Market Temporary Ticker: GLOUF

Issuance Date: 11/07/2018

1st Call Date: 03/15/2024

Maturity Date: None

Shares Issued: 4,000,000

Overallotment Shares: 600,000

Coupon: 8.50%

Face Value: $25

Cumulative: Yes

Qualified: Yes

Quarterly Dividend Amount: 0.5313

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: NR

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