Tufton Oceanic Assets Limited

Net Asset Value • Jan 30, 2020

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 3396B

Tufton Oceanic Assets Ltd.

30 January 2020

30 January 2020

TUFTON OCEANIC ASSETS LIMITED

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

Net Asset Value, Dividend Declaration and Q4 2019 Update

Tufton Oceanic Assets announces that as at 31 December 2019, the unaudited net asset value ("NAV") was USD253.38 million and the unaudited NAV per ordinary share was USD0.992.

The Company is pleased to announce a dividend of USD0.0175 per ordinary share for the quarter ending 31 December 2019. The dividend will be paid on 21 February 2020 to holders of ordinary shares recorded on the register as at close of business on 7 February 2020 with an ex-dividend date of 6 February 2020.

The Company's quarterly factsheet as at 31 December 2019 will shortly be available on the Company's website in the Investor Relations section under Company Documents at www.tuftonoceanicassets.com/company-documents.

For further information, please contact:

Tufton Oceanic Limited (Investment Manager) Andrew Hampson Paulo Almeida	+44 (0) 20 7518 6700
N+1 Singer James Maxwell, Alex Bond (Corporate Finance) Alan Geeves, James Waterlow, Sam Greatrex (Sales)	+44 (0) 20 7496 3000
Hudnall Capital LLP Andrew Cade	+44 (0) 20 7520 9085

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 Oceanic Ltd. The Company has raised a total of approximately $250m (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange, on 20 December 2017, a subsequent placing and offer in October 2018, a placing in March 2019 and a placing in September 2019.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NAVFLFVELLIAFII