Global Ship Lease Declares Quarterly Dividend per Common Share for Fourth Quarter of 2022

London - Feb 09, 2023

Global Ship Lease, Inc. (NYSE:GSL) (the "Company") announced today that the Company's Board of Directors has declared a dividend of $0.375 per Class A common share for the fourth quarter of 2022, to be paid on March 6, 2023 to shareholders of record as of February 22, 2023.

About Global Ship Lease
Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. It was listed on the New York Stock Exchange in August 2008.

As at December 29, 2022, Global Ship Lease owned 65 containerships, ranging from 1,118 to 11,040 TEU, with an aggregate capacity of 342,348 TEU. 32 ships are wide-beam Post-Panamax.

Adjusted to include all charters agreed, up to December 29, 2022, the average remaining term of the Company's charters as at September 30, 2022, to the mid-point of redelivery, including options under the Company's control and other than if a redelivery notice has been received, was 2.9 years on a TEU-weighted basis. Contracted revenue on the same basis was $2.23 billion.

Contracted revenue was $2.65 billion, including options under charterers' control and with latest redelivery date, representing a weighted average remaining term of 3.7 years.

Global Ship Lease press release