Exhibit 99.1
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TSAKOS ENERGY NAVIGATION LIMITED
(TEN) 367 Syngrou Avenue,
175 64 P. Faliro, Hellas Tel: 30210 94 07 710-3, Fax: 30210 94 07
716, e-mail: ten@tenn.gr Website:
http://www.tenn.gr |
Press Release
July 6, 2023
TEN Ltd.
Declares Dividend on its
Series F Cumulative Redeemable Perpetual Preferred Shares
ATHENS, GREECE, July 6, 2023 – TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading diversified crude, product and LNG tanker
operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the “Series F Preferred Shares”;
NYSE: TNPPRF).
The dividend on the Series F Preferred Shares is for the period from the most recent dividend payment date on April 30, 2023 through
July 29, 2023.
The dividend on the Series F Preferred Shares will be paid on July 31, 2023 to all holders of record of Series F Preferred
Shares as of July 26, 2023. Dividends on the Series F Preferred Shares are payable quarterly in arrears on the 30th day (unless the 30th
falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of January, April, July and October of each year, when, as and if declared by TEN’s board of directors. This is the 20th dividend on the Series F since their commencement of trading on the New York Stock Exchange.
TEN has
6,747,147 Series F Preferred Shares outstanding as of the date of this press release.
ABOUT TSAKOS ENERGY NAVIGATION
TEN, founded in 1993 and celebrating this year 30 years as a public company, is one of the first and most established public shipping companies in the world.
TEN’s diversified energy fleet currently consists of 67 double-hull vessels including four dual-fuel LNG powered Aframaxes, two scrubber – fitted Suezmaxes and up to three DP2 Shuttle tankers under construction, constituting a mix of crude
tankers, product tankers and LNG carriers, totaling 8.5 million dwt.
ABOUT FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements.
Visit our company
website at: http://www.tenn.gr
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