REG - Tufton Assets Ltd. Tufton Assets - SHPP - 4Q24 Net Asset Value and Dividend Declaration

Tufton AssetsAnnouncement

21/01/2025 07:00

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RNS Number : 0250U  Tufton Assets Limited  21 January 2025

21 January 2025

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

4Q24 Net Asset Value and Dividend Declaration

 

The Company announces that as at 31 December 2024, the unaudited net asset
value ("NAV") was USD428.9 million (GBP342.5 millioni (#_edn1) ) and the
unaudited NAV per ordinary share was USD1.593 (GBP1.272i). The NAV total
return was 0.1% for the quarter and 16.6% for the calendar year to 31 December
2024.

The Company is pleased to announce a dividend of USD 0.025 per ordinary share
for the quarter ending 31 December 2024. The dividend will be paid on 14
February 2025 to holders of ordinary shares recorded on the register as at the
close of business on 31 January 2025 with an ex-dividend date of 30 January
2025.

The Company's quarterly factsheet as at 31 December 2024 will shortly be
available on the Company's website in the Investor Relations section
at www.tuftonassets.com/quarterly-reports
(http://www.tuftonoceanicassets.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 3 February 2025, is available on the Company's website
at http://www.tuftonassets.com/company-documents/
(https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.tuftonoceanicassets.com%2Fcompany-documents&data=05%7C01%7Ckashyap.swamy%40tufton.com%7C8f86d2edaa5342029cee08da689d4418%7C25b63662790a469f88cd0aaecf159641%7C0%7C1%7C637937321912529957%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000%7C%7C%7C&sdata=I35vc%2FHh1tuwm%2Ffkwp%2FpQi5kYk2SdKNlIWnH7hOC%2Bl4%3D&reserved=0)
.

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.

 

LEI: 213800L1N2V3FVNOSY44

 

 i  31 December 2024 closing mid-rate of USD/GBP 0.7985. Source: Morningstar

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