Toro Corp. announces record date of April 7 for Robin Energy spin-off

Toro Corp. (TORO) announced that, in relation to the previously announced spin-off of its wholly owned subsidiary, Robin Energy, the record date has been set to April 7, and the company expects to complete the distribution of Robin common shares on or about April 14. In the spin-off, Toro shareholders will receive one common share of Robin for every eight Toro common shares held at the close of business on the Record Date.