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

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Hamilton, Bermuda, February 8, 2022


Commercial update:


In January 2022, the Company achieved average time charter equivalent earnings of approximately US$21,000 per day, gross. The Company’s vessels trading on index-linked time charter earned approximately US$21,000 per day, gross, including average daily scrubber benefits of approximately US$2,200 per day.


The Baltic 5TC Capesize Index averaged US$12,844 during January 2022.


Cash Distribution:


The Board has approved a cash distribution of US$0.06 per share for January 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$0.06 per share


Declared currency: US$


Date of approval: February 7, 2022


Last day including right: February 16, 2022


Ex-date: February 17, 2022


Record date: February 18, 2022


Payment date: On or about February 28, 2022


For further queries, please contact:

Magnus Halvorsen, Chairman, 2020 Bulkers Ltd.

Telephone +47 920 20 111


About 2020 Bulkers Ltd.:

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