Diana Shipping Inc., in an official press release, has announced that the distribution date for the previously announced spin-off of its wholly-owned subsidiary, OceanPal Inc., has been extended.
Read Also: Diana Shipping Announces New Distribution Date for Previous Spin-Off
New distribution date to be announced
The new distribution date, to be announced in a separate press release, is expected to occur as soon as practicable following the effectiveness of the OceanPal Inc. registration statement under the Securities Exchange Act of 1934 on Form 20-F filed with the U.S. Securities and Exchange Commission (the “Registration Statement”).
The Company expects the spin-off transaction to be consummated in approximately two weeks on the same terms and conditions as previously announced in the Company’s press release dated October 26, 2021 and in the Registration Statement, which has not yet become effective. The record date of the OceanPal Inc. spin-off will not change.
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Source: Diana Shipping Inc.
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