Tufton Oceanic Asset Tufton Oceanic -SHPP - Net Asset Value, Dividend Declaration Update Q2-22

Tufton Assets

19/07/2022 07:00

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RNS Number : 8703S  Tufton Oceanic Assets Ltd.  19 July 2022

 

19 July 2022

 

TUFTON OCEANIC ASSETS LIMITED

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

 

2Q22 Net Asset Value and Dividend Declaration

 

Tufton Oceanic Assets announces that as at 30 June 2022 the unaudited net
asset value ("NAV") was $447.5 million (£368.5 million*) and the estimated
unaudited NAV per ordinary share was $1.450 (£1.194*). The NAV total return
for the quarter was 6.2%.

 

The Company is pleased to announce a dividend of $0.02 per ordinary share for
the quarter ending 30 June 2022. The dividend will be paid on 12 August 2022
to holders of ordinary shares recorded on the register as at close of business
on 29 July 2022 with an ex-dividend date of 28 July 2022.

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 when completed, 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)
.

The Company's quarterly factsheet as at 30 June 2022 will shortly be available
on the Company's website in the Investor Relations section under Company
Documents at www.tuftonoceanicassets.com/quarterly-reports
(http://www.tuftonoceanicassets.com/quarterly-reports) .

 

 

*30 June 2022 closing mid-rate of USD/GBP 0.8234. Source: Morningstar

 

For further information, please contact:

 

 Tufton Investment Management Ltd (Investment Manager)                                                              +44 (0) 20 7518 6700

 Andrew Hampson

 Paulo Almeida

 Singer Capital Markets                                                           +44 (0) 20 7496 3000

 James Maxwell, Alex Bond (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 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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