Athens, Greece – October 2, 2025
TEN Ltd. (“TEN”) (NYSE: TEN) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced
that its Board of Directors declared the regular quarterly cash dividend of approximately
$0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the “Series F Preferred Shares”; NYSE: TENPRF).
The dividend on the Series F Preferred Shares is for the period from the most recent dividend payment date on July 30, 2025, through October 29, 2025.
The dividend on the Series F Preferred Shares will be paid on October 30, 2025, to all holders
of record of Series F Preferred Shares as of October 27, 2025.
Dividends on the Series F
Preferred Shares are payable quarterly in arrears on the 30th day (unless the 30th falls on a
weekend or public holiday, in which case the payment date is moved to the next business day)
of January, April, July and October of each year, when, as and if declared by TEN’s board of
directors.
This is the 29th dividend on the Series F Preferred Shares since their commencement of trading on the New York Stock Exchange.
TEN has 6,747,147 Series F Preferred Shares outstanding as of the date of this press release.
Founded in 1993 and celebrating 32 years as a public company, TEN is one of the first and
most established public shipping companies in the world.
TEN’s diversified energy fleet
currently consists of 82 vessels, including ten DP2 shuttle tankers, three VLCCs, one scrubber
fitted suezmax vessel, two scrubber-fitted MR product tankers and five scrubber-fitted LR1
tankers under construction, consisting of a mix of crude tankers, product tankers and LNG
carriers totaling approx. 11 million dwt.
