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Press Release: American Shipping Company ASA : Ex-dividend today

22 Nov 2017 7:00 am
 
   Lysaker, 22 November 2017 
 
   Reference is made to the Company's Q3 2017 report, regarding the Board's 
authorization to pay a quarterly dividend of USD 0.08 per share to the 
shareholders of AMSC on record as of 23 November 2017.  The shares in 
American Shipping Company ASA will be traded ex dividend USD 0.08 as 
from today, 22 November 2017.  The NOK amount per share will be 0.66328 
and will be paid on or about 1 December 2017.  The dividend is 
classified as a return of paid in capital. 
 
   *** 
 
   About American Shipping Company ASA: 
 
   Established in 2005 and listed on the OSE, AMSC is a ship owning company 
with nine modern handy size product tankers and one modern handy size 
shuttle tanker on long term bareboat charter with Overseas Shipholding 
Group (OSG). OSG charters the vessels out on time charters to major oil 
companies in the U.S. coastwise Jones Act trade.  AMSC has a significant 
contract backlog as well as a profit sharing agreement with OSG which 
offers visibility with respect 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 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: American Shipping Company ASA via Globenewswire 
 
 
  http://www.americanshippingco.com 
 

(END) Dow Jones Newswires

November 22, 2017 02:00 ET (07:00 GMT)
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