Dividend Currency Election

Tufton Oceanic Assets Ltd.

02 November 2023

 

02 November 2023

Tufton Oceanic Assets Limited (The "Company")

Dividend Currency Election

An announcement was made on 18 October 2023 regarding the dividend to be paid on 10 November 2023 and the option for shareholders to elect to receive this in GBP rather than USD.

The Company can now confirm the dividend rate per share to be used to pay shareholders who elected to receive their dividend in GBP will be GBP 0.01749 per share (USD 0.02125 per share converted into GBP using an FX rate of 0.82325¹).

¹ Mid-market rate as at 01 November 2023 at 10:17:49, rounded to 5dp

ENDS

For further information, please contact:

Tufton Investment Management Ltd (Investment Manager) Andrew Hampson Paulo Almeida	[phone]
Singer Capital Markets James Maxwell, Alex Bond (Corporate Finance) Alan Geeves, James Waterlow, Sam Greatrex (Sales)	[phone]
Hudnall Capital LLP Andrew Cade	[phone]

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 $316.5m (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange on 20 December 2017 and subsequent capital raises.

 

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