Tufton Oceanic Assets Ltd. 1Q24 Net Asset Value and Dividend Declaration
April 16 2024 - 2:00AM
RNS Regulatory News
RNS Number : 6744K
Tufton Oceanic Assets Ltd.
16 April 2024
16
April 2024
Tufton Oceanic Assets Limited
("SHIP" or the "Company")
1Q24 Net Asset Value and
Dividend Declaration
The Company announces that as at 31
March 2024, the unaudited net asset value ("NAV") was $436.4
million (£345.5 million[i]) and the
unaudited NAV per ordinary share was $1.496 (£1.185i). The NAV total return for the
quarter was 4.5%.
The Company is pleased to announce a
dividend of $0.025 per ordinary share for the quarter ending 31
March 2024. The dividend will be paid on 10 May 2024 to holders of
ordinary shares recorded on the register as at the close of
business on 26 April 2024 with an ex-dividend date of 25 April
2024.
The Company's quarterly factsheet as
at 31 March 2024 will shortly be available on the Company's website
in the Investor Relations section at www.tuftonoceanicassets.com/quarterly-reports.
Dividend currency declaration
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 29 April
2024, 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
For
further information, please contact:
Tufton Investment Management Limited ("Investment Manager" or
"Tufton")
Andrew Hampson
Nicolas Tirogalas
|
+44 (0) 20 7518 6700
|
|
|
Singer Capital Markets
James Maxwell, Alex Bond, Angus
Campbell (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.
[i] 29 March
2024 closing mid-rate of USD/GBP 0.7916. Source:
Morningstar
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