Dynagas LNG Partners LP Announces Date for its 2014 Annual General Meeting of Limited Partners

ATHENS, Greece – September 12, 2014 – Dynagas LNG Partners LP ("Dynagas Partners" or the "Partnership") (NASDAQ: DLNG) announced that its Board of Directors (the "Board") has scheduled the Partnership's 2014 Annual General Meeting of Limited Partners (the "Meeting") to be held on October 23, 2014 at 4:00 p.m., local time, at the Partnership's executive offices at 97 Poseidonos Avenue & 2 Foivis Street, Glyfada, Greece.  The Board has fixed a record date of September 2, 2014 for the determination of the Limited Partners entitled to receive notice of and to vote at the Meeting or any adjournment thereof.

The Partnership's Notice of the Meeting and Proxy Statement were furnished to the Securities and Exchange Commission (the "Commission") on September 12, 2014, and are available on the Commission's website at www.sec.gov.  The Notice of the Meeting and Proxy Statement and the Partnership's 2013 Annual Report are also available on the Partnership's website at www.dynagaspartners.com.

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements.  The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties.  Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.  We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

 

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Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values as a result of changes in the general market conditions of the oil and natural gas industry which influence charter hire rates and vessel values, our operating expenses, including bunker prices, dry docking and insurance costs, governmental rules and regulations or actions taken by regulatory authorities as well as potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, the availability of financing and refinancing, vessel breakdowns and instances of off-hire and other important factors described from time to time in the reports filed by the Partnership with the Securities and Exchange Commission.

Dynagas LNG Partners LP

97 Poseidonos Avenue & 2 Foivis Street

Glyfada, 16674

TO THE LIMITED PARTNERS OF DYNAGAS LNG PARTNERS LP

 SEPTEMBER 12, 2014

Enclosed is a Notice of the Annual Meeting of limited partners (the "Limited Partners") holding common units representing limited partnership units in Dynagas LNG Partners LP (the "Partnership") which will be held at the Partnership's executive offices at 97 Poseidonos Avenue & 2 Foivis Street, Glyfada, 16674, Greece on October 23, 2014 at 4:00 p.m., local time.

At this Annual Meeting (the "Meeting"), the Limited Partners will consider and vote upon the following proposals:

1.	To elect Evangelos Vlahoulis as a Class I Director to serve for a one-year term until the 2015 Annual Meeting of Limited Partners ("Proposal One");

2.	To elect Alexios Rodopoulos as a Class II Director to serve for a two-year term until the 2016 Annual Meeting of Limited Partners ("Proposal Two");

3.	To elect Levon Dedegian as a Class III Director to serve for a three-year term until the 2017 Annual Meeting of Limited Partners ("Proposal Three");

4.	To approve the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Partnership's independent auditors for the fiscal year ending December 31, 2014 ("Proposal Four");

5.	To transact other such business as may properly come before the Meeting or any adjournment thereof.

Adoption of Proposals One, Two and Three requires the affirmative vote of the plurality of the votes of the outstanding common units of the Partnership present in person or represented by proxy at the Meeting.  Adoption of Proposal Four requires the vote of a majority of the outstanding common units of the Partnership entitled to vote in person or by proxy at the Meeting.

You are cordially invited to attend the Meeting in person.  If you attend the Meeting, you may revoke your proxy and vote your common units in person.

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WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, IT IS IMPORTANT THAT YOUR COMMON UNITS BE REPRESENTED AND VOTED AT THE MEETING. ACCORDINGLY, IF YOU HAVE ELECTED TO RECEIVE YOUR PROXY MATERIALS BY MAIL, PLEASE DATE, SIGN AND RETURN THE PROXY CARD TO BE MAILED TO YOU ON OR ABOUT SEPTEMBER 12, 2014, WHICH DOES NOT REQUIRE POSTAGE IF MAILED IN THE UNITED STATES.  ANY SIGNED PROXY RETURNED AND NOT COMPLETED WILL BE VOTED IN FAVOR OF ALL THE PROPOSALS PRESENTED IN THE PROXY STATEMENT. IF YOU RECEIVED YOUR PROXY MATERIALS OVER THE INTERNET, PLEASE VOTE BY INTERNET OR BY TELEPHONE IN ACCORDANCE WITH THE INSTRUCTIONS PROVIDED IN THE NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS THAT YOU WILL RECEIVE IN THE MAIL.  THE VOTE OF EVERY UNITHOLDER IS IMPORTANT AND YOUR COOPERATION WILL BE APPRECIATED.

	Very truly yours,
	George Prokopiou
	Chairman

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DYNAGAS LNG PARTNERS LP

NOTICE OF ANNUAL GENERAL MEETING OF LIMITED PARTNERS

NOTICE IS HEREBY given that the Annual Meeting of Limited Partners (the "Limited Partners") holding common units representing limited partnership interests in Dynagas LNG Partners LP (the "Partnership") will be held at the Partnership's executive offices at 97 Poseidonos Avenue & 2 Foivis Street, Glyfada, 16674, Greece on October 23, 2014 at 4:00 p.m., local time (the "Meeting") for the following purposes, of which items 1 through 4 are more completely set forth in the accompanying Proxy Statement:

1.	To elect Evangelos Vlahoulis as a Class I Director to serve for a one-year term until the 2015 Annual Meeting of Limited Partners ("Proposal One");

2.	To elect Alexios Rodopoulos as a Class II Director to serve for a two-year term until the 2016 Annual Meeting of Limited Partners ("Proposal Two");

3.	To elect Levon Dedegian as a Class III Director to serve for a three-year term until the 2017 Annual Meeting of Limited Partners ("Proposal Three");

4.	To approve the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Partnership's independent auditors for the fiscal year ending December 31, 2014 ("Proposal Four");

5.	To transact other such business as may properly come before the Meeting or any adjournment thereof.

The board of directors has fixed the close of business on September 2, 2014 as the record date for the determination of the Limited Partners entitled to receive notice and to vote at the Meeting or any adjournment thereof.

WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, IT IS IMPORTANT THAT YOUR UNITS BE REPRESENTED AND VOTED AT THE MEETING. ACCORDINGLY, IF YOU HAVE ELECTED TO RECEIVE YOUR PROXY MATERIALS BY MAIL, PLEASE DATE, SIGN AND RETURN THE PROXY CARD TO BE MAILED TO YOU ON OR ABOUT SEPTEMBER 12, 2014, WHICH DOES NOT REQUIRE POSTAGE IF MAILED IN THE UNITED STATES.  ANY SIGNED PROXY RETURNED AND NOT COMPLETED WILL BE VOTED IN FAVOR OF ALL THE PROPOSALS PRESENTED IN THE PROXY STATEMENT. IF YOU RECEIVED YOUR PROXY MATERIALS OVER THE INTERNET, PLEASE VOTE BY INTERNET OR BY TELEPHONE IN ACCORDANCE WITH THE INSTRUCTIONS PROVIDED IN THE NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS THAT YOU WILL RECEIVE IN THE MAIL.  THE VOTE OF EVERY UNITHOLDER IS IMPORTANT AND YOUR COOPERATION WILL BE APPRECIATED.

If you attend the Meeting, you may revoke your proxy and vote in person.

	By Order of the Board of Directors
	George Prokopiou
	Chairman

September 12, 2014
Glyfada, Greece

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DYNAGAS LNG PARTNERS INC.

______________________

PROXY STATEMENT FOR

ANNUAL MEETING OF LIMITED PARTNERS

TO BE HELD ON OCTOBER 23, 2014

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INFORMATION CONCERNING SOLICITATION AND VOTING

The enclosed proxy is solicited on behalf of the board of directors (the "Board") of Dynagas LNG Partners LP, a Marshall Islands limited partnership (the "Partnership"), for use at the Annual Meeting of its Limited Partners (the "Limited Partners") to be held at the Partnership's executive offices at 97 Poseidonos Avenue & 2 Foivis Street, Glyfada, 16674, Greece on October 23, 2014 at 4:00 p.m., local time, or at any adjournment or postponement thereof (the "Meeting"), for the purposes set forth herein and in the accompanying Notice of Annual Meeting of Limited Partners.  This Proxy Statement and the accompanying form of proxy are expected to be mailed to the Limited Partners entitled to vote at the Meeting on or about September 12, 2014.

On September 2, 2014 (the "Record Date"), the Partnership had outstanding 20,505,000 common units representing limited partnership interests (the "Common Units").  Each Limited Partner of record at the close of business on the Record Date is entitled to one vote for each Common Unit then held. The holders of a majority of all of the Partnership's outstanding Common Units present in person or by proxy at the Meeting shall constitute a quorum for the purposes of the Meeting.  The Common Units represented by any proxy in the enclosed form will be voted in accordance with the instructions given on the proxy if the proxy is properly executed and is received by the Partnership prior to the close of voting at the Meeting or any adjournment or postponement thereof.  Any proxies returned without instructions will be voted FOR the proposals set forth on the Notice of Annual Meeting of Limited Partners.

The Common Units are listed on the NASDAQ Global Select Market under the symbol "DLNG."

A Limited Partner giving a proxy may revoke it at any time before it is exercised.  A proxy may be revoked by filing with the Partnership at the Partnership's executive offices, 97 Poseidonos Avenue & 2 Foivis Street, Glyfada, 16674, Greece, a written notice of revocation by a duly executed proxy bearing a later date, or by attending the Meeting and voting in person.

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PROPOSALS ONE, TWO AND THREE

ELECTION OF DIRECTORS

The Partnership currently has five directors appointed by our General Partner, Dynagas GP LLC (the "General Partner"), whose terms will expire upon the date of the Meeting.  As provided in Section 7.2 of the Partnership's Second Amended and Restated Agreement of the Partnership, following the Meeting, the Partnership's Board will consist of five directors, two of whom are appointed by our General Partner in its sole discretion on the date of the Meeting (the "Appointed Directors") and three of whom will be elected by the Limited Partners at the Meeting (the "Elected Directors").

The Appointed Directors will be George Prokopiou and Tony Lauritzen and will hold office until his successor is duly appointed by the General Partner and qualified or until his earlier death, resignation or removal. The Elected Directors will be divided into three classes serving staggered terms:  Evangelos Vlahoulis, for election as a Class I Director whose term would expire at the 2015 Annual General Meeting of Limited Partners; Alexios Rodopoulos, for election as a Class II Director whose term would expire at the 2016 Annual General Meeting of Limited Partners; and Levon A. Dedegian, for election as a Class III Director whose term would expire at the 2017 Annual General Meeting of Limited Partners.

Unless the proxy is marked to indicate that such authorization is expressly withheld, the persons named in the enclosed proxy intend to vote the units authorized thereby FOR the election of the following two nominees.  It is expected that each of these nominees will be able to serve, but if before the election it develops that any of the nominees is unavailable, the persons named in the accompanying proxy will vote for the election of such substitute nominee or nominees as the current Board may recommend.

Nominees for Election to the Partnership's Board

Information concerning the nominees for directors of the Partnership is set forth below:

Required Vote.  Adoption of Proposals One, Two and Three requires the affirmative vote of the plurality of the votes of the outstanding Common Units of the Partnership present in person or represented by proxy at the Meeting.

THE BOARD UNANIMOUSLY RECOMMENDS A VOTE IN FAVOR OF THE PROPOSED DIRECTORS.  UNLESS REVOKED AS PROVIDED ABOVE, PROXIES RECEIVED BY MANAGEMENT WILL BE VOTED IN FAVOR OF THE PROPOSED DIRECTORS UNLESS A CONTRARY VOTE IS SPECIFIED.

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PROPOSAL FOUR

APPROVAL OF APPOINTMENT OF

INDEPENDENT AUDITORS

The Board is submitting for approval at the Meeting the selection of Ernst & Young (Hellas) Certified Auditors Accountants S.A ("Ernst & Young (Hellas)") as the Partnership's independent auditors for the fiscal year ending December 31, 2014.

Ernst & Young (Hellas) has advised the Partnership that the firm does not have any direct or indirect financial interest in the Partnership, nor has such firm had any such interest in connection with the Partnership during the past three fiscal years.

All services rendered by the independent auditors are subject to review by the Audit Committee.

Required Vote.  Adoption of Proposal Four requires the vote of a majority of the outstanding Common Units of the Partnership entitled to vote in person or by proxy at the Meeting.

Effect of abstentions.  Abstentions will not affect the vote on Proposal Four.

THE BOARD UNANIMOUSLY RECOMMENDS A VOTE FOR APPROVAL OF THE APPOINTMENT OF ERNST & YOUNG (HELLAS) AS INDEPENDENT AUDITORS OF THE PARTNERSHIP FOR THE FISCAL YEAR ENDING DECEMBER 31, 2014.  UNLESS REVOKED AS PROVIDED ABOVE, PROXIES RECEIVED BY MANAGEMENT WILL BE VOTED IN FAVOR OF SUCH APPROVAL UNLESS A CONTRARY VOTE IS SPECIFIED.

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SOLICITATION

The cost of preparing and soliciting proxies will be borne by the Partnership.  Solicitation will be made primarily by mail, but Limited Partners may be solicited by telephone, e-mail, or personal contact.

ELECTRONIC DELIVERY

Limited Partners can access documents related to the Meeting, including the Partnership's latest annual report, at: www.dynagaspartners.com.

For Limited Partners who hold their units through a bank or brokerage account, instead of receiving future copies of these documents by mail, Limited Partners can elect to receive an e-mail that will provide electronic links to the proxy materials. Opting to receive your proxy materials online will save the Partnership the cost of producing and mailing documents to your home or business, and will also give you an electronic link to the proxy voting site.

OTHER MATTERS

No other matters are expected to be presented for action at the Meeting.  Should any additional matter come before the Meeting, it is intended that proxies in the accompanying form will be voted in accordance with the judgment of the person or persons named in the proxy.

 

	By Order of the Board of Directors
	George Prokopiou
	Chairman

 

September 12, 2014

Glyfada, Greece

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