Oslo, Norway ,January 10, 2023 Commercial update: InDecember 2022 , the Company achieved average time charter equivalent earnings of approximatelyUS$25,400 per day, gross. The Company's four vessels trading on index-linked time charter earned approximatelyUS$22,900 per day, gross, including average daily scrubber benefits of approximatelyUS$2,300 per day. The Company's four vessels trading on fixed time charter earned approximatelyUS$27,800 per day, gross, including average daily scrubber benefits of approximatelyUS$4,300 per day. The Baltic 5TC Capesize Index averagedUS$15,906 duringDecember 2022 . Cash Distribution: The Board has approved a cash distribution ofUS$0.09 per share forDecember 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$0.09 per share Declared currency: US$ Date of approval:January 9, 2023 Last day including right:January 19, 2023 Ex-date:January 20, 2023 Record date:January 23, 2023 Payment date: On or aboutJanuary 31, 2023 For further queries, please contact:Magnus Halvorsen , Chairman,2020 Bulkers Ltd. Telephone +47 920 20 111 About2020 Bulkers Ltd. 2020 Bulkers has eight Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.
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