Taylor Maritime Investments Ltd (LON: TMI) will invest in a portfolio of mainly second-hand vessels and it is targeting a dividend yield of 7%. The investment company raised $253.7m through a placing and offer at $1 (70.57p) a share.
This was $10m more than targeted, and the issue helps to fund the initial acquisition of ship assets and provides cash to build up the portfolio. Trading in the shares commences on 27 May.
Guernsey-registered Taylor Maritime Investments is managed by Hong Kong-based Taylor Maritime (HK) Ltd, which was formed in 2014. The management team has more than three ...
