Over the next 3 years that have the opportunity to add an additional 2Dropdowns, and aquire 49% of 4 newbuilds with 15 year plus extension comtracts.....Hope you will be around for all of it !
The accreation from the Drop the offering Financed should result in a nearly 50% increase in current (ltm) annualized DCF....WHICH TRANSLATES INTO A SIMILAR INCREASE IN DISTRUBUTIONS.as we move forward...6%PPS HIT TODAY makes little sense.
Read their annual report but don't think DLNG I an MLP for tax purposes...Think they are taxed as c-corp in which case you're safe in my opinion. I too hold it in an IRA
Preferred Private Placement continues a seemingly unending appetite for Equity issuance..Glad to see acceptance by high quality lenders,but at some point Dilution may become an issue.