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ATHENS, Greece, Sept. 15, 2024 (GLOBE NEWSWIRE) — IMPERIAL PETROLEUM INC. (Nasdaq: IMPP) (the Firm), a ship-owning firm offering petroleum merchandise, , and drybulk seaborne transportation providers, at this time introduced a dividend of $0.546875 per share on its 8.75% Collection A Cumulative Redeemable Perpetual Most well-liked Inventory (the Collection A Most well-liked Shares), payable on September 30, 2024 to holders of report as of September 25, 2024. The dividend cost pertains to the interval from the final dividend cost date for the Collection A Most well-liked Shares on June 30, 2024 via September 29, 2024.
There are 795,878 Collection A Most well-liked Shares excellent as of the date hereof. The Collection A Most well-liked Shares commerce on the Nasdaq Capital Market beneath the ticker image IMPPP.
ABOUT IMPERIAL PETROLEUM INC.
IMPERIAL PETROLEUM INC. is a ship-owning firm offering petroleum merchandise, crude oil and drybulk seaborne transportation providers. The Firm owns a complete of twelve vessels, eleven vessels within the water – six M.R. product tankers, two suezmax tankers and three handysize drybulk carriers – with a complete capability of 711,000 deadweight tons (dwt), and one M.R product tanker of 40,000 dwt capability, that shall be delivered within the fourth quarter of 2024. IMPERIAL PETROLEUM INC.’s shares of frequent inventory and eight.75% Collection A Cumulative Redeemable Perpetual Most well-liked Inventory are listed on the Nasdaq Capital Market and commerce beneath the symbols IMPP and IMPPP, respectively.
Ahead-Trying Statements
Issues mentioned on this launch could represent forward-looking statements. Ahead-looking statements replicate our present views with respect to future occasions and monetary efficiency and will embrace statements regarding plans, aims, objectives, methods, future occasions or efficiency, and underlying assumptions and different statements, that are aside from statements of historic information. The forward-looking statements on this launch are based mostly upon numerous assumptions, lots of that are based mostly, in flip, upon additional assumptions, together with with out limitation, administration’s examination of historic working tendencies, information contained in our data and different information out there from third events. Though IMPERIAL PETROLEUM INC. believes that these assumptions had been cheap when made, as a result of these assumptions are inherently topic to vital uncertainties and contingencies that are troublesome or unattainable to foretell and are past our management, IMPERIAL PETROLEUM INC. can’t guarantee you that it’s going to obtain or accomplish these expectations, beliefs or projections. Vital components that, in our view, may trigger precise outcomes to vary materially from these mentioned within the forward-looking statements, embrace the power of world economies and currencies, common market circumstances, together with modifications in constitution rent charges and vessel values, constitution counterparty efficiency, modifications in demand that will have an effect on attitudes of time charterers to scheduled and unscheduled drydockings, shipyard efficiency, modifications in IMPERIAL PETROLEUM INC’s working bills, together with bunker costs, drydocking and insurance coverage prices, skill to acquire financing and adjust to covenants in any financing preparations, efficiency of counterparty to our vessel sale settlement, or actions taken by regulatory authorities, potential legal responsibility from pending or future litigation, home and worldwide political circumstances, the battle in Ukraine and associated sanctions, the battle on Israel and Gaza, the potential disruption of transport routes as a consequence of ongoing assaults by Houthis within the Purple Sea and Gulf of Aden or accidents and political occasions or acts by terrorists.
Dangers and uncertainties are additional described in experiences filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Change Fee.
Firm Contact:
Fenia SakellarisIMPERIAL PETROLEUM INC.E-mail: information@imperialpetro.com
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