‘2020 Bulkers is fully committed to its shareholders’
We intend to provide comprehensive and fully updated information to our investors and analysts.
FINANCIAL YEAR 2019
Q2 2019 Earnings Release August 13, 2019
Q3 2019 Earnings Release November 7, 2019
Q4 2019 Earnings Release January 30, 2020
2020 Bulkers Ltd.
Prospectus dated 3 July 2019 – tax note
Please note that due to an error, as the company is tax resident in Bermuda, the prospectus chapters 16.4.1 and 16.4.2 contain incorrect omissions as revised below:
- Norwegian personal shareholders are not entitled to hold the shares through a Norwegian share saving account (Nw.: aksjesparekonto), opposed to the description in the prospectus section 16.4.2.
As the company is tax resident in Bermuda (which for Norwegian tax purposes is deemed a “low-tax jurisdiction” and outside of the EEA), it does not qualify as an “object” under the Norwegian tax exemption method (Nw. fritaksmetoden) for Norwegian corporate shareholders, consequently: (i) any dividends on the shares distributed to a Norwegian corporate shareholder will be taxed as ordinary income at a rate of 22% (2019), opposed to the description in the prospectus section 16.4.1; and (ii) any capital gains derived from the realization of shares will be taxed at a rate of 22% (2019), and losses upon the realization and costs incurred in connection with the purchase and realization of such shares will for tax purpose be deductible at a rate of 22% (2019), opposed to the description in the prospectus section 16.4.2.
USD 240 million Term Loan Facility
LIBOR + 250bps margin
18 year repayment profile
5 years maturity
Registrar and auditor
DNB Bank ASA, Global Companies Registrars Section
Postal address: Postboks 1600 Sentrum | 0021 Oslo | Norway
Visiting address: Dronning Eufemias gate 30 | 0191 Oslo | Norway