Dividend Policy
The company's charter contracts provide good earnings visibility which in turn offers dividend potential. For 2010 and 2011, the net profits exceed c30% of NAV, offering dividend potential. However, the cash resources have to be managed for growth and working capital. Over the medium term, the Fund will be able to pay a growing dividend that will be correlated with the extension of its fleet and improving asset prices.
The General Partner may declare payment of interim dividends in compliance with the conditions set forth by law and the articles of the Company.
Payments or distributions shall be made to the registered holders of Distribution Shares at their address as registered in the register of the Company.
Capitalisation Shares’ dividends are re-invested into new Capitalisation Shares.
Distributions may be paid in such currency and at such time and place that the General Partner shall determine from time to time.
