Teekay Takes Ownership of Two VLCCs

  • Business & Finance

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.

Teekay Takes Ownership of Two VLCCs

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.

 

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teekaytankers, April 7, 2014

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