REG - Tufton Assets Ltd. Tufton Assets - SHPP - 1Q25 Net Asset Value and Dividend Declaration

Tufton AssetsAnnouncement

16/04/2025 07:00

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RNS Number : 1652F  Tufton Assets Limited  16 April 2025

16 April 2025

Tufton Assets Limited ("SHIP" or the "Company")

1Q25 Net Asset Value and Dividend Declaration

 

The Company announces that as at 31 March 2025, the unaudited net asset value
("NAV") was USD374.8 million (GBP290.4 millioni (#_edn1) ) and the unaudited
NAV per ordinary share was USD1.402 (GBP1.086i). The NAV total return was
-10.4% for the quarter and -5.0% for the financial year that started 1 July
2024 and up to 31 March 2025.

The Company is pleased to announce a dividend of USD 0.025 per ordinary share
for the quarter ending 31 March 2025. The dividend will be paid on 16 May 2025
to holders of ordinary shares recorded on the register as at the close of
business on 02 May 2025 with an ex-dividend date of 01 May 2025.

The Company's quarterly factsheet as at 31 March 2025 will shortly be
available on the Company's website in the Investor Relations section
at www.tuftonassets.com/quarterly-reports
(http://www.tuftonassets.com/quarterly-reports) .

 

Dividend currency declaration

The Company advises that the default payment for dividends remains in US
Dollar, however, dividends are capable of being paid in GBP Sterling, provided
that the relevant shareholder has registered to receive their dividend in GBP
Sterling under the Company's Dividend Currency Election. A copy of the
Dividend Currency Election form, which should be sent to Computershare
Investor Services plc, The Pavilions, Bridgwater Road, Bristol, BS99 6BD no
later than 6 May 2025, is available on the Company's website
at http://www.tuftonassets.com/company-documents/
(http://www.tuftonassets.com/company-documents/) .

 

The Dividend Currency Election Form should only be completed by shareholders
who hold shares in certificated form. CREST shareholders must elect via
CREST. Non-CREST shareholders wishing to receive Company dividends by
electronic funds transfer directly to their bank accounts can register for
Computershare's Global Payment Service at www.investorcentre.co.uk
(https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.investorcentre.co.uk%2F&data=05%7C01%7Ckashyap.swamy%40tufton.com%7C8f86d2edaa5342029cee08da689d4418%7C25b63662790a469f88cd0aaecf159641%7C0%7C1%7C637937321912529957%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000%7C%7C%7C&sdata=qPUyp2e1I83wrCiDdg9VpBHMdEwL%2F4a286TAH9ZXwL0%3D&reserved=0)
.

 

For further information, please contact:

 Tufton Investment Management Limited                                              +44 (0) 20 7518 6700

 ("Investment Manager" or "Tufton")

 Andrew Hampson

 Nicolas Tirogalas

 Singer Capital Markets                                                            +44 (0) 20 7496 3000

 James Maxwell, Alex Bond, Jalini Kalaravy (Corporate Finance)

 Alan Geeves, James Waterlow, Sam Greatrex (Sales)

 Hudnall Capital LLP                                                               +44 (0) 20 7520 9085

 Andrew Cade

 

About the Company

Tufton Assets Limited invests in a diversified portfolio of second-hand
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
USD316.5m (gross) through its Initial Public Offering on the Specialist Fund
Segment of the London Stock Exchange on 20 December 2017 and subsequent
capital raises, and the Company has returned USD171.7m to investors over the
same period of time.

 

LEI: 213800L1N2V3FVNOSY44

 

 i  31 March 2025 closing mid-rate of USD/GBP 0.7747. Source: Morningstar

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