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Diana Shipping Inc. Announces Extension of Distribution Date for Previously Announced OceanPal Inc. Spin-Off

18 Νοεμβρίου 2021.

diana12Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that the distribution date for the previously announced spin-off of its wholly-owned subsidiary, OceanPal Inc., has been extended.

The new distribution date, to be announced in a separate press release, is expected to occur as soon as practicable following the effectiveness of the OceanPal Inc. registration statement under the Securities Exchange Act of 1934 on Form 20-F filed with the U.S. Securities and Exchange Commission (the “Registration Statement”). The Company expects the spin-off transaction to be consummated in approximately two weeks on the same terms and conditions as previously announced in the Company’s press release dated October 26, 2021 and in the Registration Statement, which has not yet become effective. The record date of the OceanPal Inc. spin-off will not change.

Additional information about OceanPal Inc. and the spin-off transaction can be found in the Registration Statement, which is available at www.sec.gov. The information in the filed Registration Statement is not final and remains subject to change, and the consummation of the spin-off transaction remains subject to the Registration Statement being declared effective by the U.S. Securities and Exchange Commission.

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

Source: Diana Shipping Inc.