surfer44
3 weeks ago
Tender Offer Terms PERFORMANCE SHIPPING I FTENDER OFFER EXP: 06/28/24
Since you hold ##### share(s) of PERFORMANCE SHIPPING I F in your account, you may choose how your holdings will be treated for this Tender Offer. We must receive your response by June 27, 2024, 7:00 p.m. ET.You hold #### share(s) in this account.
What Has Occurred
We're writing to let you know about an extended offer related to these securities.
Your securities:
·Performance Shipping Inc. common shares referenced above
¨Together with any associated rights and remedial rights
Offer type:
·Tender offer
Who is the offeror:
·Sphinx Investment Corp.
What is being offered:
·Cash at a price of $3.00 per security
·Please refer to the offering materials for additional details.
Options:
·Tender: Tender all or a portion of your securities.
·Decline: If you do not wish to participate, no further action is required.
¨Please note: If you instruct to "Decline" the offer, you will not receive reminders for this specific offer. If you do not make any selection, you will receive reminders, if applicable, up until the Schwab cutoff date.
Additional information related to this offer:
·The offeror may have the ability to acquire the remaining securities and/or delist the securities from the applicable stock exchange(s) through certain procedures detailed in the offering materials.
Important information about participating in corporate actions:
Offering materials: Please review the offering materials in full to ensure you understand the offer before making any decision with respect to your securities. If you have not received these offering materials or if you have questions about the offer, please contact:
·Innisfree M&A Incorporated
¨(877) 800-5190
Market conditions: Holders are encouraged to monitor the market conditions, prices, and events, as applicable, surrounding the securities involved in the offer. Participating in this offer may or may not be beneficial.
·It is your responsibility to fully understand the offer and the related events/securities to determine if you wish to participate in the offer.
Offer conditions: The offer may be subject to certain conditions, approvals, participation restrictions, and acceptance procedures as described in the offering materials.
Changes to the offer: The offeror may have the option to amend, extend, or cancel the offer.
Taxes: Holders are encouraged to consult with their own tax advisor regarding any tax implications of participating in the offer.
Note: Language and information in this notice is generic. Please review the offering materials (which may have terminology that differs from this notice) to ensure that you fully understand the specific details that apply to the current offer.
Submit Instruction To Schwab
It is your responsibility to ensure you submit instructions by JUNE 27, 2024,07:00 P.M. EST .
surfer44
3 weeks ago
I'll check out the terms later. I have some errands to run. If I remember correctly it was for $3.00/shr (which I didn't accept, way to low)
You have a(n) Tender Offer for PERFORMANCE SHIPPING I F.
Your PERFORMANCE SHIPPING I F shares are subject to a(n) Tender Offer, which requires a decision. If you havenโt had a chance, please take time to review the terms of offer.
Review terms
Or go to www.schwab.com/corporate_actions.
If you decide to participate, be sure to submit your instructions online by June 27, 2024.
Thank you for investing with Schwab.
TRADER99
4 months ago
CASH balance end year 2023 was $68.3 million and $109 million in revenue . Not too shabby but this play needs volume for sure.
Our cash balance at the end of 2023 was approximately $68.3 million, reflecting a 72% increase from the 2022 year-end cash balance.
โAs previously announced, in August 2023, the Companyโs board of directors approved a $2 million share buyback program. Pursuant to this initiative, we repurchased 293,767 shares of common stock during the fourth quarter of 2023, totaling approximately $0.7 million. We firmly believe that this program is in the best interests of both our Company and our shareholders, and we intend to continue our share buybacks, depending on prevailing market conditions.
โOur impressive revenue generation of approximately $109 million during the last fiscal year is indicative of our ability to capitalize on the firm freight rate environment through the efficient operation of our fleet.