Trefin Tankers, Ltd offers the Dividend Reinvestment and Direct Stock Purchase Plan for individual investors wishing to reinves cash dividends in additional shares and/or to purchase the Company’s common stock. This plan is available to new and current stockholders of record.
The Plan is available to registered holders of common shares of the Company. All administrative expenses, including brokerage commissions, fees or other expenses of Computershare, will be paid by the Company. Beneficial owners whose common shares are registered in names other than their own, for example in the name of a broker or other nominee, must either make appropriate arrangements with their broker or other nominee to participate in the Plan on their behalf or must have their common shares transferred into their names in order to be eligible to participate directly in the Plan.
Plan highlights
- If you are an existing shareholder, you may purchase additional common shares by reinvesting all or a portion of the dividends paid on your common shares;
- If you are an existing shareholder, you may make optional cash investments of not less than $100 each and up to a maximum of $10,000 per month. In some instances, we may permit optional cash investments in excess of this maximum;
- If you are a new investor, you may join the Plan by making an initial investment of not less than $250 and up to a maximum of $10,000. In some instances, we may permit initial investments in excess of this maximum;
- As a participant in the Plan, you may authorize electronic deductions from your bank account for optional cash investments.
Plan aims to distribute quarterly dividends to shareholders equal to or close to earnings per share adjusted for non recurring items. The timing and amount of dividends is at the discretion of the Board of Directors.
