Teekay Tankers has exercised its rights under the security documentation to realize the amounts owed under the company’s investment in term loans and assumed full ownership of two 2010-built Very Large Crude Carrier (VLCC) vessels.
In addition, Teekay Tankers’ Board of Directors has declared a cash dividend of $0.03 per share for the quarter ended March 31, 2014.
The cash dividend is payable on April 30, 2014 to all shareholders of record on April 17, 2014.
[mappress] teekaytankers, April 7, 2014