Tufton Oceanic Asset - Net Asset Value, Dividend Declaration Update Q1-22

Tufton Assets

27/04/2022 07:00

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RNS Number : 4280J  Tufton Oceanic Assets Ltd.  27 April 2022

 

27 April 2022

 

TUFTON OCEANIC ASSETS LIMITED

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

 

Net Asset Value, Dividend Declaration and Q1 2022 Update

 

Tufton Oceanic Assets announces that as at 31 March 2022 the unaudited net
asset value ("NAV") was $427.1 million and the unaudited NAV per ordinary
share was $1.384. The NAV total return for the quarter was 2.0%.

 

The Company is pleased to announce a dividend of $0.02 per ordinary share for
the quarter ending 31 March 2022. The dividend will be paid on 20 May 2022 to
holders of ordinary shares recorded on the register as at close of business on
6 May 2022 with an ex-dividend date of 5 May 2022.

The Company's quarterly factsheet as at 31 March 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) .

 

 

 

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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