Taylor Maritime Investments Limited Dividend Declaration (7507Z)
27 Enero 2022 - 01:00AM
UK Regulatory
TIDMTMIP TIDMTMI
RNS Number : 7507Z
Taylor Maritime Investments Limited
27 January 2022
27 January 2022
Taylor Maritime Investments Limited
Dividend Declaration
The Board of Taylor Maritime Investments Limited (" TMI " or the
" Company "), the listed specialist dry bulk shipping company, is
pleased to declare an interim dividend in respect of the period to
31 December 2021 of 1.75 US cents per ordinary share:
Ex Date: 3 February 2022
Record Date: 4 February 2022
Last day for currency 7 February 2022
elections: 23 February 2022
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 can be downloaded 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.
ENDS
For further information, please contact:
Taylor Maritime Investments Limited IR@tminvestments.com
Edward Buttery
Alexander Slee
Jefferies International Limited
Investment Banking
Stuart Klein
Gaudi Le Roux
Sector coverage
Doug Mavrinac
Hugh Eden +44 20 7029 8000
Montfort Communications TMI@montfort.london
Nick Bastin
Alison Allfrey
Notes to editors
About the Company
Taylor Maritime Investments Limited is a recently established,
internally managed investment company listed on the Premium Segment
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. (on the Initial Issue Price).
The Company's initial investments comprise Geared Ships
(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. The Company
declared its first dividend of 1.75 cents per Ordinary Share for
the initial period ended 30 September 2021 in October 2021. The
Company targets 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 have to date 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. Geared vessels are characterised by their
own loading equipment. 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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