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Castor Maritime announces extension of distribution date to proposed spin-off of tanker fleet

Dec 14 2022


Castor Maritime Inc. announced that the distribution to its shareholders of common shares in its subsidiary Toro Corp. will be extended from December 15, 2022.

LIMASSOL, Cyprus, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that, the distribution to its shareholders of common shares in its newly formed subsidiary Toro Corp. (“Toro”) as part of the spin-off announced on November 16, 2022, will be extended from December 15, 2022. 

 

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