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benfrankledger

02/05/17 8:03 PM

#25987 RE: benfrankledger #25986

Encouraging comments from management.

Mr. George Economou, Chairman and CEO, commented:

"We are very excited to have successfully raised $198 million of equity and with total available liquidity in excess of $300 million, we have strengthened our position to continue the process of re-building the Company's fleet and earnings capacity and pursuing investments in various shipping segments."