tiprankstipranks
Trending News
More News >

AMSC Liquidates, Distributes SOMA Shares as Dividend

Story Highlights
AMSC Liquidates, Distributes SOMA Shares as Dividend

Don’t Miss TipRanks’ Half-Year Sale

An update from American Shipping Company ASA ( (ASCJF) ) is now available.

American Shipping Company ASA (AMSC) is undergoing liquidation and holds a significant stake in Solstad Maritime ASA (SOMA). AMSC has decided to distribute its shares in SOMA as a dividend-in-kind to its shareholders, contingent upon SOMA’s listing on Euronext Oslo Børs. This move marks a strategic shift as AMSC will cease trading, and its shares will be traded ex-dividend from 7 May 2025.

More about American Shipping Company ASA

YTD Price Performance: 22.43%

Average Trading Volume: 1,090

Technical Sentiment Signal: Strong Sell

Current Market Cap: $187.8M

See more insights into ASCJF stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1