Taylor Maritime Investments Limited Dividend Declaration (3550Q)
27 Octubre 2021 - 1:00AM
UK Regulatory
TIDMTMIP TIDMTMI
RNS Number : 3550Q
Taylor Maritime Investments Limited
27 October 2021
27 October 2021
Taylor Maritime Investments Limited (the "Company")
Dividend Declaration
The Board of Taylor Maritime Investments Limited ("TMI"), the
listed specialist dry bulk shipping company, is pleased to declare
an interim dividend in respect of the period to 30 September 2021
of 1.75 US Cents per ordinary share.
Ex Date: 4 November 2021
Record Date: 5 November 2021
Last day for currency 8 November 2021
elections: 24 November 2021
Payment Date:
The default payment for dividends remains in US Dollar, however,
dividends are capable of being paid in sterling, provided that the
relevant shareholder has registered to receive their dividend in
sterling under the Company's Dividend Currency Election. A copy of
the Dividend Currency Election form will be sent to all
shareholders by post, but will also be available for download from
the Company's website www.taylormaritimeinvestments.com . Completed
Dividend Currency Election forms should be sent to the Company's
registrar, Computershare Investor Services (Guernsey) Limited, c/o
The Pavilions, Bridgwater Road, Bristol, BS99 6ZY.
CREST shareholders must elect via CREST.
LEI: 213800FELXGYTYJBBG50
ENDS
For further information, please contact:
Taylor Maritime Investments +852 2252 3882
Limited info@tminvestments.com
Edward Buttery
Alexander Slee
Jefferies International Limited +44 20 7029 8000
Investment Banking
Stuart Klein
Gaudi Le Roux
Sector coverage
Doug Mavrinac
Hugh Eden
Montfort Communications
Nick Bastin TMI@montfort.london
Alison Allfrey
Miles McKechnie
About the Company
Taylor Maritime Investments Limited is a recently established,
internally managed investment company listed on the Premium Listing
Category of the Official List and traded on the Main Market of the
London Stock Exchange. The Company invests in a diversified
portfolio of vessels which are primarily second-hand and which,
historically, have demonstrated average yields in excess of the
Company's target dividend yield of 7% p.a. and were acquired at
valuations that are expected to be below long-term average
prices.
The Company's initial investments comprise Geared Bulk Carriers
(Handysize and Supramax types) employed utilising a variety of
employment/Charter strategies.
The Company intends to pay dividends on a quarterly basis with
dividends declared in January, April, July and October. Once the
Company is fully invested, the Company will target a Total NAV
Return of 10 to 12% p.a. (net of expenses and fees but excluding
any tax payable by Shareholders) over the medium to long term.
The Company has the benefit of an experienced Executive Team led
by Edward Buttery. The Executive Team previously worked closely
together for the Commercial Manager, Taylor Maritime. Established
in 2014, Taylor Maritime is a privately owned ship-owning and
management business with a seasoned team that includes the founders
of dry bulk shipping company Pacific Basin Shipping (listed in Hong
Kong 2343.HK) and gas shipping company BW Epic Kosan (formerly Epic
Shipping) (listed in Oslo BWEK:NO). Taylor Maritime's team of
experienced industry professionals are based in Hong Kong and
London.
For more information, please visit
www.taylormaritimeinvestments.com .
About Geared vessels
The Company specializes in the acquisition and chartering of
vessels in the Handysize and Supramax bulk carrier segments of the
global shipping sector. These "Geared" vessels, which have their
own loading equipment, are mostly acquired second-hand, leveraging
valuations that are below long-term average prices. The Handysize
market segment is particularly attractive, given the flexibility,
versatility and port accessibility of these vessels which carry
necessity goods - principally food and products related to
infrastructure building - ensuring broad diversification of fleet
activity.
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END
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