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Badaro No. 3 Ship Investment Company to Suspend Income Distribution

Tuesday, 17 Sep 2013 12:38am EDT 

Badaro No. 3 Ship Investment Company announced that it has decided to suspend its income distribution in the next three years, due to the extended maturity period of its financial agreement with subsidiaries from seven years to ten years. The Company also announced it will pay the income distribution at a rate of up to 2% annually if the Company still has surplus funds when all the expense is paid up. 

Company Quote

-155.0 -4.34%
7:58pm EST