Dynagas LNG Partners LP (the 'Partnership') (NYSE: 'DLNG'), an owner and operator of LNG carriers, today announced that its Board of Directors has declared a cash distribution of $0.546875 per unit on its Series B Fixed to Floating Cumulative Redeemable Perpetual Preferred Units (the 'Series B Preferred Units') (NYSE: DLNG PR B) for the period from August 22, 2023 to November 21, 2023.

The cash distribution is payable on November 22, 2023 to all preferred unit holders of record as of November 15, 2023. Distributions on the Series B Preferred Units will be payable quarterly in arrears on the 22nd day (unless the 22 nd day falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of February, May, August and November of each year, when, as and if declared by our Board of Directors.

This is the twentieth sequential cash distribution on the Series B Preferred Units since they began trading on the NYSE. The Partnership has 2,200,000 Series B Preferred Units outstanding as of the date of this press release.

About Dynagas LNG Partners LP

Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnership's current fleet consists of six LNG carriers, with aggregate carrying capacity of approximately 914,000 cubic meters.

Contact:

Tel: +30 210 8917960

Email: management@dynagaspartners.com

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