Taylor Maritime Investments Limited Dividend Currency Election (7841M)
25 Mayo 2022 - 5:31AM
UK Regulatory
TIDMTMIP TIDMTMI
RNS Number : 7841M
Taylor Maritime Investments Limited
25 May 2022
25 May 2022
Taylor Maritime Investments Limited
(the "Company")
Dividend Currency Election
An announcement was made on 6 May 2022 regarding the dividend to
be paid on 10 June 2022 and the option for shareholders to elect to
receive this in sterling rather than US dollars.
The dividend rate per share to be used to pay shareholders who
elected to receive their dividend in sterling will be 2.556341
pence per share (3.22 cents per share converted into sterling using
an FX rate of 1.259613).
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
Alison Allfrey
George Morris Seers
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
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DIVUVORRURUVUAR
(END) Dow Jones Newswires
May 25, 2022 06:31 ET (10:31 GMT)
Taylor Maritime Investme... (LSE:TMI)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Taylor Maritime Investme... (LSE:TMI)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024