United Maritime Announces Ex-Dividend Date for Special Dividend
December 07 2022 - 9:00AM
United Maritime Corporation (the “Company” or “United”) (NASDAQ:
USEA), announced today that January 11, 2023 has been set by NASDAQ
as the ex-dividend date for the special cash dividend announced on
November 29, 2022.
As previously announced, the Company’s board of
directors declared a special cash dividend of $1.00 per share
payable on January 10, 2023 to shareholders of record as of the
close of trading on December 12, 2022.
As a result of “due bill” trading procedures
established by NASDAQ, any purchasers of United’s common shares in
the market through the payment date for the special dividend of
January 10, 2023 will be entitled to receive the special dividend,
and holders of United’s common shares will need to hold their
shares through and including the payment date in order to receive
the special dividend.
About United Maritime
Corporation
United Maritime Corporation is an international
shipping company specializing in worldwide seaborne transportation
services. The Company’s fleet consists of two tanker vessels and
one dry bulk vessel with an aggregate cargo carrying capacity of
approximately 389,778 dwt.
The Company is incorporated under the laws of
the Republic of the Marshall Islands and has executive offices in
Glyfada, Greece. The Company's common shares trade on the Nasdaq
Capital Market under the symbol “USEA”.
Please visit the Company’s website at:
www.unitedmaritime.gr
Forward-Looking Statements
The dividend referred to in this press release
is a non-recurring special dividend. The declaration, timing and
amount of any dividend is subject to the discretion of our board of
directors and will be dependent upon our earnings, financial
condition, market prospects, capital expenditure requirements,
investment opportunities, restrictions in our loan agreements, the
provisions of the Marshall Islands law affecting the payment of
dividends to shareholders, overall market conditions and other
factors.
This press release contains forward-looking
statements (as defined in Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended) concerning future events. Words such as "may",
"should", "expects", "intends", "plans", "believes", "anticipates",
"hopes", "estimates" and variations of such words and similar
expressions may identify forward-looking statements, but the
absence of these words does not mean that a statement is not
forward-looking. These statements involve known and unknown risks
and are based upon a number of assumptions and estimates, which are
inherently subject to significant uncertainties and contingencies,
many of which are beyond the control of the Company. Actual results
may differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results
to differ materially include, but are not limited to, shipping
industry trends, including charter rates, vessel values and factors
affecting vessel supply and demand; the impact of changes in
regulatory requirements or actions taken by regulatory authorities
on the Company's operating or financial results; the Company's
financial condition and liquidity, including its ability to service
its indebtedness; competitive factors in the market in which the
Company operates; increased operating costs associated with vessel
aging; vessel damage; future, pending or recent acquisitions and
dispositions, business strategy, areas of possible expansion or
contraction, and expected capital spending or operating expenses;
dependence on affiliates of the Company’s former parent and
third-party managers to operate the Company’s business;
availability of crew, number of off-hire days, classification
survey requirements and insurance costs; changes in the Company’s
relationships with contract counterparties; potential liability
from future litigation and incidents involving the Company’s
vessels; broader market impacts arising from war (or threatened
war) or international hostilities, such as between Russia and
Ukraine; risks associated with the length and severity of the
ongoing novel coronavirus (COVID-19) outbreak, including its
effects on demand for crude oil, petroleum products, dry bulk
products, other types of products and the transportation thereof;
and other factors listed from time to time in the Company's filings
with the SEC, including its registration statement on Form 20-F.
The Company's filings can be obtained free of charge on the SEC's
website at www.sec.gov. Except to the extent required by law, the
Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
For further information please contact:
United Investor RelationsTel: +30 213 0181 522E-mail:
ir@usea.gr
Capital Link, Inc.Paul Lampoutis230 Park Avenue Suite 1540New
York, NY 10169Tel: (212) 661-7566E-mail: usea@capitallink.com
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