TEN Ltd. Declares Dividend on its Series D and Series E Cumulative Perpetual Preferred Shares
May 08 2023 - 4:05PM
TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading diversified
crude, product and LNG tanker operator, today announced that its
Board of Directors declared the regular quarterly cash dividend of
$0.546875 per share for its Series D Cumulative Perpetual Preferred
Shares (the “Series D Preferred Shares”; NYSE; TNPPRD) and the
regular quarterly cash dividend of $0.578125 per share for its
Series E Cumulative Perpetual Preferred Shares (the “Series E
Preferred Shares”; NYSE; TNPPRE).
The dividend on the Series D and Series E is for
the period from the most recent dividend payment date of February
28, 2023 through May 27, 2023.
The dividend on the Series D and E Preferred
Shares will be paid on May 30, 2023 to all holders of record of
Series D and E Preferred Shares as of May 24, 2023. Dividends on
the Series D and E Preferred Shares are payable quarterly in
arrears on the 28th day (unless the 28th 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 TEN’s board of directors. This is the
32nd dividend on the Series D and the 25th dividend on the Series E
since their commencement of trading on the New York Stock
Exchange.
TEN has 3,517,061 Series D and 4,745,947 Series
E Preferred Shares outstanding as of the date of this press
release.
ABOUT TSAKOS ENERGY NAVIGATION
TEN, founded in 1993 and celebrating this year 30 years as a public
company, is one of the first and most established public shipping
companies in the world. TEN’s diversified energy fleet currently
consists of 67 double-hull vessels including four dual-fuel LNG
powered Aframaxes, two scrubber-fitted Suezmaxes and up to three
DP2 Shuttle tankers under construction constituting a mix of crude
tankers, product tankers and LNG carriers, totaling 8.5 million
dwt.
ABOUT FORWARD-LOOKING
STATEMENTS Except for the historical information contained
herein, the matters discussed in this press release are
forward-looking statements that involve risks and uncertainties
that could cause actual results to differ materially from those
predicted by such forward-looking statements. TEN undertakes no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or
otherwise.
For further information, please contact:
Company Tsakos Energy
Navigation Ltd. George Saroglou COO +30210 94 07 710
gsaroglou@tenn.gr
Investor Relations / Media
Capital Link, Inc. Nicolas Bornozis Markella Kara +212 661 7566
ten@capitallink.com
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