21 January 2025
Tufton Assets Limited ("SHIP" or the
"Company")
4Q24 Net Asset Value and Dividend
Declaration
The Company announces that as at 31 December
2024, the unaudited net asset value ("NAV") was USD428.9 million
(GBP342.5 millioni) and the unaudited NAV per ordinary share
was USD1.593 (GBP1.272i). The NAV total return was 0.1% for the
quarter and 16.6% for the calendar year to 31 December
2024.
The
Company is pleased to announce a dividend of USD 0.025 per ordinary
share for the quarter ending 31 December 2024. The dividend will be
paid on 14 February 2025 to holders of ordinary shares recorded on
the register as at the close of business on 31 January 2025 with an
ex-dividend date of 30 January 2025.
The Company's quarterly factsheet as at 31
December 2024 will shortly be available on the Company's website in
the Investor Relations section at www.tuftonassets.com/quarterly-reports.
Dividend currency
declaration
The
Company advises that 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 no later
than 3 February 2025, is available on the Company's website
at http://www.tuftonassets.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.
For further information, please
contact:
|
Tufton Investment Management
Limited
("Investment Manager" or
"Tufton")
Andrew Hampson
Nicolas Tirogalas
|
+44 (0) 20 7518 6700
|
|
|
|
|
Singer Capital
Markets
James Maxwell, Alex Bond, Jalini Kalaravy (Corporate
Finance)
Alan Geeves, James Waterlow, Sam Greatrex (Sales)
|
+44 (0) 20 7496 3000
|
|
|
|
|
Hudnall Capital
LLP
Andrew Cade
|
+44 (0) 20 7520 9085
|
About the Company
Tufton
Assets Limited invests in a diversified portfolio of second-hand
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 USD316.5m (gross) through its
Initial Public Offering on the Specialist Fund Segment of the
London Stock Exchange on 20 December 2017 and subsequent capital
raises.
LEI:
213800L1N2V3FVNOSY44