Genco urges shareholders to back board, reject Diana’s $23.5-per-share tender offer at annual meeting

Genco Shipping & Trading

GNK

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Diana Shipping

DSX

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Genco escalated a proxy fight with Diana Shipping ahead of its 2026 annual meeting, urging holders to back its board on the WHITE card.
Shareholders were told to WITHHOLD votes from Diana’s nominees, vote AGAINST Diana’s shareholder proposals, reject Diana’s USD 23.5 tender offer.
Genco argued the bid undervalues the company, calling it a discount to analyst NAV estimates despite Diana’s claims of a premium.
The company cited USD 7.16 per share in dividends, 210% total shareholder return since April 19, 2021 under its value strategy.

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: 202605261726PRIMZONEFULLFEED9726915) on May 26, 2026, and is solely responsible for the information contained therein.

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