Knightsbridge Follows-on and Continues Diversification

On Monday, Knightsbridge Tankers announced an underwritten public offering of 4.25 million shares, offered pursuant to the company’s effective shelf registration. The shares were priced Wednesday after the market closed at $19 per share, a 12.7% discount from the closing price of the shares the day preceding the announcement. The discount largely reflects the current volatility of the markets.

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