• Genco escalated its defense against a hostile campaign by Diana Shipping ahead of its upcoming annual meeting, urging shareholders to vote for Genco’s director slate on the white proxy card.
• The company recommended shareholders withhold votes from Diana’s nominees, reject Diana’s shareholder proposals, and not tender shares into Diana’s $23.50 per share offer.
• Genco argued the tender offer undervalues the company, citing analyst net asset value estimates with a mean of $26.60 per share and a median of $27.
• Genco also projected a second-quarter 2026 dividend of $0.70 per share, up 367% year over year, with a dividend formula implying $2.50 per share for 2026 based on the forward freight curve.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genco Shipping & Trading Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605211618PRIMZONEFULLFEED9725019) on May 21, 2026, and is solely responsible for the information contained therein.