GasLog Partners LP, 8.625% Series A Cumulative Redeemable Perpetual Fixed-to-Floating Rates Preference Units

Shares shall carry a coupon of 8.625% until 6/15/2027 at which time the coupon will float at the rate of 3 month libor plus a spread of 6.31%.

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 6.31%

Ticker: GLOP-A

Parent Ticker: GLOP

OTC Grey Market Temporary Ticker: GSLGF

Issuance Date: 05/08/2017

1st Call Date: 06/15/2027

Maturity Date: None

Shares Issued: 5,000,000

Overallotment Shares: 0

Coupon: 8.625%

Face Value: $25.00

Cumulative: Yes

Qualified: Yes

Quarterly Dividend Amount: 0.539

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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