Press release from Ship Finance International Limited, Jauary 25, 2010
Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "the Company")
refers to the announcement of the third quarter 2009 dividend payable in cash
or, at the shareholders request, in newly issued common shares on or about
January 27, 2010.
Shareholders beneficially owning approximately 52% of our outstanding shares
have elected to receive 0.0228 common shares for each share held, and
approximately 0.9 million new common shares will be issued as a result of such
elections. The remaining shareholders will receive a cash dividend payment of
$0.30 per share.
Following this dividend payment, the total number of the Company's outstanding
common shares will be approximately 79.1 million.
Any questions relating to the dividend payment should be directed to your
broker, bank, or other nominee, or alternatively to BNY Mellon, our transfer
agent:
U.S. Toll Free: 1-800-301-3489
International: +1 201 680 6578
http://www.melloninvestor.com
About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 67
vessels, including 33 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, one dry-bulk carrier, 13 container vessels,
six offshore supply vessels, one jack-up drilling rig and three ultra-deepwater
drilling units. The fleet is one of the largest in the world and most of the
vessels are employed on long-term charters. The Company has decleared a cash
dividend for 23 consecutive quarters.
More information can be found on the Company's website: www.shipfinance.org
Cautionary Statement Regarding Forward Looking Statements
This press release may contain forward looking statements. These statements are
based upon various assumptions, many of which are based, in turn, upon further
assumptions, including Ship Finance management's examination of historical
operating trends. Although Ship Finance believes that these assumptions were
reasonable when made, because assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond its control, Ship Finance cannot give assurance that it will achieve
or accomplish these expectations, beliefs or intentions.
Important factors that, in the Company's view, could cause actual results to
differ materially from those discussed in this presentation include the strength
of world economies and currencies, general market conditions including
fluctuations in charter hire rates and vessel values, changes in demand in the
tanker market as a result of changes in OPEC's petroleum production levels and
world wide oil consumption and storage, changes in the Company's operating
expenses including bunker prices, dry-docking and insurance costs, changes in
governmental rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general domestic and
international political conditions, potential disruption of shipping routes due
to accidents or political events, and other important factors described from
time to time in the reports filed by the Company with the United States
Securities and Exchange Commission.
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