2020 Bulkers Ltd. (2020) - Commercial update and key information relating to the cash distribution for May 2022
Hamilton, Bermuda, June 8, 2022
In May 2022, the Company achieved average time charter equivalent earnings of approximately US$39,600 per day, gross.
The Company's six vessels trading on index-linked time charter earned approximately US$40,700 per day, gross, including average daily scrubber benefits of approximately US$2,900 per day.
The Company's two vessels trading on fixed time charter earned approximately US$36,400 per day, gross, including average daily scrubber benefits of approximately US$4,800 per day.
The Baltic 5TC Capesize Index averaged US$29,139 during May 2022.
The Board has approved a cash distribution of US$0.26 per share for May 2022. 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.
Distribution amount: US$0.26 per share
Declared currency: US$
Date of approval: June 7, 2022
Last day including right: June 20, 2022
Ex-date: June 21, 2022
Record date: June 22, 2022
Payment date: On or about June 30, 2022
About 2020 Bulkers Ltd.
2020 Bulkers has eight Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.
2020 Bulkers Limited press release