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REG-American Shipping Company ASA : Ex dividend today AMSCA.OL

Lysaker, 30 May 2017

 

Reference is made to the Company's Q1 2017 report, regarding the Board'sauthorization to pay a quarterly dividend of USD 0.08 per share to theshareholders of AMSC on record as of 31 May 2017.  The shares in American

 

Shipping Company ASA will be traded ex dividend USD 0.08 as from today, 30 May2017.  Based on the closing NOK/USD exchange rate on 29 May 2017, the NOKamount per share will be 0.673 and will be paid on or about 8 June 2017.  Thedividend is classified as a return of paid in capital.

 

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About American Shipping Company ASA:

 

Established in 2005 and listed on the OSE, AMSC is a ship owning company withnine modern handy size product tankers and one modern handy size shuttletanker on long term bareboat charter with Overseas Shipholding Group (OSG).

 

OSG charters the vessels out on time charters to major oil companies in theU.S. coastwise Jones Act trade.  AMSC has a significant contract backlog aswell as a profit sharing agreement with OSG which offers visibility withrespect to future earnings and potential dividend capacity. The Company has an  ambition  to pay  attractive dividends  to its shareholders. Further

information is available at www.americanshippingco.com.

 

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

 

This announcement is distributed by Nasdaq Corporate Solutions on behalf ofNasdaq Corporate Solutions clients.

 

The issuer of this announcement warrants that they are solely responsible forthe content, accuracy and originality of the information contained therein.

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