Tufton Oceanic Assets Ltd. 3Q23 Net Asset Value and Dividend Declaration (4187Q)
18 Ottobre 2023 - 8:00AM
UK Regulatory
TIDMSHIP TIDMSHPP
RNS Number : 4187Q
Tufton Oceanic Assets Ltd.
18 October 2023
18 October 2023
Tufton Oceanic Assets Limited
("Tufton Oceanic Assets" or the "Company")
3Q23 Net Asset Value and Dividend Declaration
Tufton Oceanic Assets announces that as at 30 September 2023 the
unaudited net asset value ("NAV") was $407.5 million (GBP333.9
million*) and the unaudited NAV per ordinary share was $1.381
(GBP1.131*). The NAV total return for the quarter was 2.8%.
The Company is pleased to announce a dividend of $0.02125 per
ordinary share for the quarter ending 30 September 2023. The
dividend will be paid on 10 November 2023 to holders of ordinary
shares recorded on the register as at close of business on 27
October 2023 with an ex-dividend date of 26 October 2023.
The Company is forecast to have a dividend cover of c.1.6x over
the next 18 months.
The Company advises that the default payment for dividends
remains in US Dollar, however, dividends are capable of being paid
in GBP Sterling, provided that the relevant shareholder has
registered to receive their dividend in GBP Sterling under the
Company's Dividend Currency Election. A copy of the Dividend
Currency Election form, which should be sent to Computershare
Investor Services plc, The Pavilions, Bridgwater Road, Bristol,
BS99 6BD no later than 30 October 2023, is available on the
Company's website at
http://www.tuftonoceanicassets.com/company-documents/ .
The Dividend Currency Election Form should only be completed by
shareholders who hold shares in certificated form. CREST
shareholders must elect via CREST. Non-CREST shareholders wishing
to receive Company dividends by electronic funds transfer directly
to their bank accounts can register for Computershare's Global
Payment
Service at www.investorcentre.co.uk
The Company's quarterly factsheet as at 30 September 2023 will
shortly be available on the Company's website in
the Investor Relations section at www.tuftonoceanicassets.com/quarterly-reports .
*29 September 2023 closing mid-rate of USD/ GBP 0.8193. Source:
Morningstar
For further information, please contact:
Tufton Investment Management Ltd (Investment
Manager)
Andrew Hampson
Paulo Almeida +44 (0) 20 7518 6700
Singer Capital Markets
James Maxwell, Alex Bond (Corporate Finance)
Alan Geeves, James Waterlow, Sam Greatrex
(Sales) +44 (0) 20 7496 3000
Hudnall Capital LLP
Andrew Cade +44 (0) 20 7520 9085
About the Company
Tufton Oceanic Assets Limited invests in a diversified portfolio
of secondhand commercial sea-going vessels with the objective of
delivering strong cash flow and capital gains to investors. The
Company's investment manager is Tufton Investment Management Ltd.
The Company has raised a total of approximately $316.5m (gross)
through its Initial Public Offering on the Specialist Fund Segment
of the London Stock Exchange on 20 December 2017 and subsequent
capital raises.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NAVXDLFFXBLBFBF
(END) Dow Jones Newswires
October 18, 2023 02:00 ET (06:00 GMT)
Grafico Azioni Tufton Oceanic Assets (LSE:SHIP)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Tufton Oceanic Assets (LSE:SHIP)
Storico
Da Mag 2023 a Mag 2024
