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NAV, Dividend Declaration and Q2 2020 Update

30th Jul 2020 07:00

RNS Number : 5140U
Tufton Oceanic Assets Ltd.
30 July 2020
 

 

30 July 2020

 

TUFTON OCEANIC ASSETS LIMITED

("Tufton Oceanic Assets" or the "Company")

 

Net Asset Value, Dividend Declaration and Q2 2020 Update

 

Tufton Oceanic Assets announces that as at 30 June 2020, the unaudited net asset value ("NAV") was USD237.67 million and the unaudited NAV per ordinary share was USD0.931.

 

The Company is pleased to announce a dividend of USD0.0175 per ordinary share for the quarter ending 30 June 2020. The dividend will be paid on 21 August 2020 to holders of ordinary shares recorded on the register as at close of business on 7 August 2020 with an ex-dividend date of 6 August 2020.

 

The Company's quarterly factsheet as at 30 June 2020 will shortly be available on the Company's website in the Investor Relations section under Company Documents at www.tuftonoceanicassets.com/quarterly-reports.

 

 

For further information, please contact:

 

Tufton Investment Management Ltd

Andrew Hampson

Paulo Almeida

+44 (0) 20 7518 6700

N+1 Singer

James Maxwell, Alex Bond (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 $250m (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange, on 20 December 2017, a subsequent placing and offer in October 2018, a placing in March 2019 and a placing in September 2019.

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.
 
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Tufton Assets.
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