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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2022
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

16 – SUBSEQUENT EVENTS

On November 9, 2022, the Company announced a regular quarterly dividend of $0.78 per share to be paid on or about November 28, 2022 to shareholders of record as of November 21, 2022. The aggregate amount of the dividend is expected to be approximately $33.3 million, which the Company anticipates will be funded from cash on hand at the time the payment is to be made.

On November 8, 2022, the Company entered into an agreement with the lenders under the $450 Million Credit Facility to extend the 360-day period that the net proceeds received from the sale of the Genco Provence may be held as restricted cash to finance a qualifying replacement vessel until October 28, 2023. Refer to Note 4 — Vessel Acquisitions and Dispositions for further information.