REG - Tufton Oceanic Asset Tufton Oceanic -SHPP - 3Q24 Net Asset Value and Dividend Declaration

Tufton AssetsAnnouncement

15/10/2024 07:15

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RNS Number : 1329I  Tufton Oceanic Assets Ltd.  15 October 2024

15 October 2024

 

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

3Q24 Net Asset Value and Dividend Declaration

The Company announces that as at 30 September 2024, the unaudited net asset
value ("NAV") was US$437.5 million (£326.2 million i ) and the unaudited NAV
per ordinary share was US$1.616 (£1.205i). The NAV total return was 5.9% for
3Q24 and 16.4% 2024 YTD.

The Company is pleased to announce a dividend of US$ 0.025 per ordinary share
for the quarter ending 30 September 2024. The dividend will be paid on 8
November 2024 to holders of ordinary shares recorded on the register as at the
close of business on 25 October 2024 with an ex-dividend date of 24 October
2024.

The Company's quarterly factsheet as at 30 September 2024 will shortly be
available on the Company's website in the Investor Relations section
at www.tuftonoceanicassets.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 28 October 2024, is available on the Company's website
at http://www.tuftonoceanicassets.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 Oceanic 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.

 i  30 September 2024 closing mid-rate of USD/GBP 0.7455. Source: Morningstar

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