2020 Bulkers Ltd. (2020) - Commercial update and key information relating to the cash distribution for April 2022

2020 Bulkers Ltd. (2020) - Commercial update and key information relating to the cash distribution for April 2022

10 May 2022 08:13 CEST

Hamilton, Bermuda, May 10, 2022

Commercial update:

In April 2022, the Company achieved average time charter equivalent earnings of
approximately US$23,600 per day, gross. The Company's six vessels trading on
index-linked time charter earned approximately US$20,300 per day, gross,
including average daily scrubber benefits of approximately US$1,600 per day. The
Company's two vessels trading on fixed time charter earned approximately
US$33,700 per day, gross, including average daily scrubber benefits of
approximately US$2,300 per day.

The Baltic 5TC Capesize Index averaged US$14,020 during April 2022.

Cash Distribution:

The Board has approved a cash distribution of US$0.08 per share for April 2022.
The distribution will be made from the Company's Contributed Surplus account
which consists of previously paid in share premium transferred from the
Company's Share Premium account.

Key information:

Distribution amount: US$0.08 per share

Declared currency: US$

Date of approval: May 9, 2022

Last day including right: May 18, 2022

Ex-date: May 19, 2022

Record date: May 20, 2022

Payment date: On or about May 30, 2022

For further queries, please contact:

Magnus Halvorsen, Chairman, 2020 Bulkers Ltd.

Telephone +47920 20111

About 2020 Bulkers Ltd.

2020 Bulkers has eight Newcastlemax dry bulk vessels in operation. All vessels
are fitted with exhaust scrubber systems.

More information:
Access the news on Oslo Bors NewsWeb site

Source

2020 Bulkers Ltd.

Provider

Oslo Børs Newspoint