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- 2020 Bulkers Ltd. (2020) - Commercial Update and Key Information Relating To The Cash Distribution For February 2023
2020 Bulkers Ltd. (2020) - Commercial update and key information relating to the cash distribution for February 2023
08 Mar 2023 08:00 CET
Issuer
2020 Bulkers Ltd.
Oslo, Norway, March 8, 2023
Commercial update:
In February 2023, the Company achieved average time charter equivalent earnings
of approximately US$15,800 per day, gross. The Company's two vessels trading on
index-linked time charter earned approximately US$9,500 per day, gross,
including average daily scrubber benefits of approximately US$3,500 per day. The
Company's six vessels trading on fixed time charter earned approximately
US$18,300 per day, gross, including average daily scrubber benefits of
approximately US$600 per day.
The Baltic 5TC Capesize Index averaged US$3,749 during February 2023.
Cash Distribution:
The Board has approved a cash distribution of US$0.01 per share for February
2023. 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$0.01 per share
Declared currency: US$
Date of approval: March 7, 2023
Last day including right: March 20, 2023
Ex-date: March 21, 2023
Record date: March 22, 2023
Payment date: On or about March 30, 2023
For further queries, please contact:
Magnus Halvorsen, Chairman, 2020 Bulkers Ltd.
Telephone +47 920 20 111
About 2020 Bulkers Ltd.
2020 Bulkers has eight Newcastlemax dry bulk vessels in operation. All vessels
are fitted with exhaust scrubber systems.
More information:
Access the news on Oslo Bors NewsWeb site
Source
2020 Bulkers Ltd.
Provider
Oslo Børs Newspoint
Company Name
2020 BULKERS
ISIN
BMG9156K1018
Symbol
2020
Market
Oslo Børs