Global Ship Lease , Inc announced that the Company’s Board of Directors has declared a cash dividend of $ 0.546875 per depositary share , each representing a 1/100th interest in a share of its 8.75 % Series B Cumulative Redeemable Perpetual Preferred Shares (the “Series B Preferred Shares”) GSLPrB).
The dividend represents payment for the period from April 1, 2016 to June 30, 2016 and will be paid on July 1, 2016 to all Series B Preferred shareholders of record as of June 24, 2016.
About Global Ship Lease
Global Ship Lease is a containership charter owner. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under mainly long-term, fixed-rate charters to top tier container liner companies.
Global Ship Lease owns 18 vessels with a total capacity of 82,312 TEU and an average age, weighted by TEU capacity, at March 31, 2016 of 11.3 years. All 18 vessels are currently fixed on time charters, 15 of which are with CMA CGM. The average remaining term of the charters at March 31, 2016 is 4.3 years or 4.6 years on a weighted basis.
Investor and Media Contact:
The IGB Group
Bryan Degnan
646-673-9701
or
Leon Berman
212-477-8438
