Genco Shipping & Trading Limited Files Definitive Proxy Materials and Mails Letter to Shareholders
NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has filed its definitive proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”), scheduled to be held on May 23, 2024. Shareholders of record as of March 28, 2024, will be entitled to vote at the meeting.
- The Genco Board unanimously concluded that he would not be additive to our already strong, focused and experienced Board.
- The full text of the letter follows:
We are reaching out because we want your vote “FOR" Genco’s director nominees at the upcoming Annual Meeting of Shareholders. - Through our Comprehensive Value Strategy, we have distributed sizeable dividends to shareholders, significantly reduced our debt and grown and modernized our fleet.
- At the same time, we have taken important steps to uniquely position Genco to drive returns through volatile drybulk shipping market cycles.