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Tufton Oceanic Assets Limited announced its unaudited net asset value (NAV) was $424.67 million and NAV per ordinary share was $1.376 as at 31 December 2021. The Company reported a NAV total return of 2.1% for Q4 2021 and 49.1% for the full year 2021. Additionally, a dividend of $0.02 per ordinary share for the quarter ending 31 December 2021 was declared, payable on 11 February 2022 to shareholders recorded on 28 January 2022.
| Date | 18 Jan 2022 |
| Time | 07:00:06 |
| Category | Corporate updates |
| ID | 7270Y |
18 January 2022
TUFTON OCEANIC ASSETS LIMITED
("Tufton Oceanic Assets" or the "Company")
Net Asset Value, Dividend Declaration and Q4 2021 Update
Tufton Oceanic Assets announces that as at 31 December 2021 the unaudited net asset value ("NAV") was $424.67 million and the unaudited NAV per ordinary share was $1.376. The NAV total return for the quarter was 2.1% and the NAV total return for 2021 was 49.1%.
The Company is pleased to announce a dividend of $0.02 per ordinary share for the quarter ending 31 December 2021. The dividend will be paid on 11 February 2022 to holders of ordinary shares recorded on the register as at close of business on 28 January 2022 with an ex-dividend date of 27 January 2022.
The Company's quarterly factsheet as at 31 December 2021 will shortly be available on the Company's website in the Investor Relations section under Company Documents at www.tuftonoceanicassets.com/quarterly-reports.
For further information, please contact:
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Tufton Investment Management Ltd (Investment Manager) Andrew Hampson Paulo Almeida |
+44 (0) 20 7518 6700 |
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Singer Capital Markets James Maxwell, Alex Bond (Corporate Finance) Alan Geeves, James Waterlow, Sam Greatrex (Sales) |
+44 (0) 20 7496 3000 |
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Hudnall Capital LLP Andrew Cade |
+44 (0) 20 7520 9085 |
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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.