Placing raising US $50 million for Tufton Oceanic Assets Limited

It has today (11/03/2019) been announced that Tufton Oceanic Assets Ltd has raised gross proceeds of US$50 million via a Placing under its placing programme. This represents a follow on raise from the Company’s US $78.4 million placing in October 2018.

N+1 Singer is acting as Joint Financial Adviser, Placing Agent and Broker to the Company.

About Tufton Oceanic Assets Limited 

Tufton Oceanic Assets Limited invests in a diversified portfolio of secondhand commercial sea-going vessels with the objective of delivering strong cash flow and capital gains to investors. The Company’s investment manager is Tufton Oceanic Ltd. The Company has raised a total of approximately $220 million (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange, on 20 December 2017, and subsequent further issues in October 2018 and March 2019.

Ticker: SHIP
Market Cap: $184 million*
Website: Click here

*As at 11/03/2019