TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares
July 08 2021 - 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
approximately $0.59375 per share for its Series F Cumulative
Redeemable Perpetual Preferred Shares (the “Series F Preferred
Shares”; NYSE: TNPPRF).
Each dividend of the Series F Preferred Shares
is for the period from the most recent dividend payment date on
April 30, 2021 through July 29, 2021.
The dividend on the Series F Preferred Shares
will be paid on July 30, 2021 to all holders of record of Series F
Preferred Shares as of July 27, 2021. Dividends on the Series F
Preferred Shares are payable quarterly in arrears on the 30th day
(unless the 30th falls on a weekend or public holiday, in which
case the payment date is moved to the next business day) of
January, April, July and October of each year, when, as and if
declared by TEN’s board of directors. This is the 12th dividend on
the Series F since their commencement of trading on the New York
Stock Exchange.
TEN has 6,291,199 Series F Preferred Shares
outstanding as of the date of this press release.
ABOUT TSAKOS ENERGY NAVIGATION
TEN, founded in 1993 and celebrating this year 28 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 one LNG carrier and
one suezmax DP2 shuttle tanker under construction, constituting a
mix of crude tankers, product tankers and LNG carriers, totalling
7.4 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 :
CompanyTsakos Energy Navigation Ltd.George
SaroglouCOO+30210 94 07 710gsaroglou@tenn.gr
Investor Relations / MediaCapital Link,
Inc.Nicolas BornozisMarkella Kara+212 661
7566ten@capitallink.com
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