In November 2021, the Company achieved average time charter equivalent earnings
of approximately US$48,700 per day, gross. The Company's two vessels trading on
index-linked time charter earned approximately US$46,800 per day, gross,
including average daily scrubber benefits of approximately US$2,500 per day. The
Company's six vessels trading on fixed time charter earned approximately
US$49,400 per day, gross, including average daily scrubber benefits of
approximately US$2,700 per day.
The Baltic 5TC Capesize Index averaged US$30,716 during November 2021.
Cash Distribution:
The Board has approved a cash distribution of US$0.35 per share for November
2021. The distribution will be made from the Company's Contributed Surplus
account which consists of previously paid in share premium transferred from the
Company's Share Premium account.
Key information:
Distribution amount: US$0.35 per share
Declared currency: US$
Date of approval: December 7, 2021
Last day including right: December 15, 2021
Ex-date: December 16, 2021
Record date: December 17, 2021
Payment date: On or about December 29, 2021
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