TIDMSHIP TIDMSHPP

RNS Number : 8703S

Tufton Oceanic Assets Ltd.

19 July 2022

19 July 2022

TUFTON OCEANIC ASSETS LIMITED

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

2Q22 Net Asset Value and Dividend Declaration

Tufton Oceanic Assets announces that as at 30 June 2022 the unaudited net asset value ("NAV") was $447.5 million (GBP368.5 million*) and the estimated unaudited NAV per ordinary share was $1.450 (GBP1.194*). The NAV total return for the quarter was 6.2%.

The Company is pleased to announce a dividend of $0.02 per ordinary share for the quarter ending 30 June 2022. The dividend will be paid on 12 August 2022 to holders of ordinary shares recorded on the register as at close of business on 29 July 2022 with an ex-dividend date of 28 July 2022.

The default payment for dividends remains in US Dollar, however, dividends are capable of being paid in GBP Sterling, provided that the relevant shareholder has registered to receive their dividend in GBP Sterling under the Company's Dividend Currency Election. A copy of the Dividend Currency Election form, which should be sent to Computershare Investor Services plc, The Pavilions, Bridgwater Road, Bristol, BS99 6BD when completed, is available on the Company's website at http://www.tuftonoceanicassets.com/company-documents/ . The Dividend Currency Election Form should only be completed by shareholders who hold shares in certificated form. CREST shareholders must elect via CREST. Non-CREST shareholders wishing to receive Company dividends by electronic funds transfer directly to their bank accounts can register for Computershare's Global Payment Service at www.investorcentre.co.uk .

The Company's quarterly factsheet as at 30 June 2022 will shortly be available on the Company's website in the Investor Relations section under Company Documents at www.tuftonoceanicassets.com/quarterly-reports .

*30 June 2022 closing mid-rate of USD/GBP 0.8234. Source: Morningstar

For further information, please contact:

 
 Tufton Investment Management Ltd (Investment                            +44 (0) 20 7518 6700 
  Manager) 
  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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July 19, 2022 02:00 ET (06:00 GMT)

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