IMPERIAL PETROLEUM INC.
IMPERIAL PETROLEUM INC. DECLARES DIVIDEND ON
SERIES A PREFERRED SHARES
Athens, Greece, June 16, 2022 – Imperial Petroleum Inc.
(Nasdaq: IMPP) (the “Company”), a ship-owning company
providing petroleum product and crude oil seaborne transportation
services, today announced a dividend of approximately $0.546875 per
share on its 8.75% Series A Cumulative Redeemable Perpetual
Preferred Stock (the “Series A Preferred Shares”), payable on
June 30, 2022 to holders of record as of June 27, 2022.
The dividend payment relates to the period from the last dividend
payment date for the Series A Preferred Shares on March 30,
2022 through June 29, 2022.
There are 795,878 Series A Preferred Shares outstanding as of the
date hereof. The Series A Preferred Shares trade on the Nasdaq
Capital Market under the ticker symbol “IMPPP”.
ABOUT IMPERIAL PETROLEUM INC.
Imperial Petroleum Inc. is a ship-owning company providing
petroleum product and crude oil seaborne transportation services.
The Company owns a total of eight tanker vessels; five M.R. product
tankers, one Aframax oil tanker and two Suezmax tankers with a
total capacity of approximately 682,000 deadweight tons (dwt).
Imperial Petroleum Inc.’s shares of common stock and 8.75% Series A
Cumulative Redeemable Perpetual Preferred Stock are listed on the
Nasdaq Capital Market and trade under the symbols “IMPP” and
Matters discussed in this release may constitute forward-looking
statements. Forward-looking statements reflect our current views
with respect to future events and financial performance and may
include statements concerning plans, objectives, goals, strategies,
future events or performance, or impact or duration of the COVID-19 pandemic and
underlying assumptions and other statements, which are other than
statements of historical facts. The forward-looking statements in
this release are based upon various assumptions, many of which are
based, in turn, upon further assumptions, including without
limitation, management’s examination of historical operating
trends, data contained in our records and other data available from
third parties. Although IMPERIAL PETROLEUM INC. believes 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, IMPERIAL PETROLEUM INC. cannot assure you that
it will achieve or accomplish these expectations, beliefs or
projections. Important factors that, in our view, could cause
actual results to differ materially from those discussed in the
forward-looking statements include risks discussed in our filings
with the SEC and the following: the impact of the COVID-19 pandemic and
efforts throughout the world to contain its spread,