Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that in connection with the previously announced spin-off of its wholly-owned subsidiary OceanPal Inc., the Company has changed the anticipated distribution date from November 9, 2021 to November 17, 2021 due to procedural delays, reads an official press release.
No changes in spin-off transaction
The Company does not expect there to be any other changes to the terms of the spin-off transaction previously announced in the Company’s press release dated October 26, 2021 and in the OceanPal Inc. registration statement on Form 20-F filed with the US Securities and Exchange Commission, which has not yet become effective.
The record date of the OceanPal Inc. spin-off will not change. Additionally, there has been no change to the previously announced payment date of November 10, 2021 of a cash dividend in the amount of US$0.10 per Diana Shipping Inc. common share to shareholders of record as of November 3, 2021.
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Source: Diana Shipping Inc.
