Skip to main content

Pioneer Marine Inc. Announces Fleet Developments and Dividend Distribution

Written by Customer Service on . Posted in Dividend Reports And Estimates.

MAJURO, Marshall Islands, April 15, 2021 (GLOBE NEWSWIRE) — Pioneer Marine Inc. and its subsidiaries (OSLO-OTC: PNRM) (“Pioneer Marine,” or the “Company”).

Fleet Developments:

The Company has completed the disposal of four of its vessels including the M/V Emerald Bay pursuant to a Memorandum of Agreement (“MOA”) dated March 2nd, 2021.

Further on, the Company has signed another MOA for the sale of M/V Mykonos Bay which delivery is expected, together with the delivery of the other two vessels under MOA, up to June 30, 2021.

Total sale price of the completed and anticipated sales is $58.9 million.

Dividend Distribution:

On April 14, 2021, following the vessels disposals mentioned above, the Board of Directors of Pioneer Marine declared a cash dividend of $0.98 per share of common stock. The cash dividend will be payable on or around April 28, 2021 to shareholders of record on April 21, 2021. The shares will be traded ex dividend as of April 20, 2021.

About Pioneer Marine Inc.

Pioneer Marine is a leading ship owner and global drybulk handysize transportation service provider. Pioneer Marine currently owns ten Handysize drybulk carriers. The Company’s common stock trades on the Norwegian Over-The-Counter market under the symbol “PNRM”

Contact:
Pioneer Marine Inc.

Jim Papoulis – CEO
+30 212222 3750

Korinna Tapaktsoglou – CFO
+30 212222 3750

Investor Relations / Media
Capital Link, Inc.
Kevin Karlis
+212 661 7566
pioneermarine@capitallink.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.