ATHENS, GREECE--(Marketwired - Apr 16, 2015) - Tsakos Energy Navigation Limited ("TEN") (
Each dividend is for the period from the most recent dividend payment date on January 30, 2015 through April 29, 2015.
The dividend on the Series B Preferred Shares will be paid on April 30, 2015 to all holders of record of Series B Preferred Shares as of April 29, 2015. The dividend on the Series C Preferred Shares will be paid on April 30, 2015 to all holders of record of Series C Preferred Shares as of April 27, 2015. Dividends on the Series B and C Preferred Shares will be payable quarterly in arrears on the 30 th day of January, April, July and October of each year, when, as and if declared by TEN's board of directors. This is the eighth dividend on the Series B and the sixth dividend on the Series C.
TEN has 2,000,000 Series B Preferred Shares and 2,000,000 Series C Preferred Shares outstanding as of the date of this press release.
ABOUT TSAKOS ENERGY NAVIGATION To date, TEN's fleet, including the LNG carrier Maria Energy, nine Aframax crude oil tankers and two LR1 tankers all under construction, consists of 64 double-hull vessels (including Suezmax DP2 option), a mix of crude tankers, product tankers and LNG carriers, totaling 6.72 million dwt. Of these 44 vessels trade in crude, 14 in products, four are shuttle tankers (including Suezmax DP2 option) and two LNG carriers. The average age of the operational fleet is 7.7 years.
All TEN's tanker newbuildings are fixed on accretive long term project business.
ABOUT FORWARD-LOOKING STATEMENTS Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
For further information please contact: Company Tsakos Energy Navigation Ltd. George Saroglou COO +30210 94 07 710 gsaroglou@tenn.gr Investor Relations / Media Capital Link, Inc. Nicolas Bornozis Paul Lampoutis +212 661 7566 ten@capitallink.com TSAKOS ENERGY NAVIGATION LIMITED (TEN) 367 Syngrou Avenue, 175 64 P. Faliro, Hellas Tel: 30210 94 07 710-3 Fax: 30210 94 07 716 e-mail: ten@tenn.gr Website: http://www.tenn.gr
