On July 22 2022, Pelagic Partners declared a dividend distribution of $5.29 per investment unit to the investors of Pelagic Fund I.
This is in line with the annual 5% dividend allocation strategy in place by the management to ensure a consistent cash stream to our investors. Due to strong operational performance, investors also captured an increase in NAV, the fourth registered semi-annual increase since launching in July 2020.
Our Portfolio Management function forecasts a positive and steady performance over the life span of the compartment supported by a healthy combination of long-term charter contracts and upward trending spot rates.