Pacific Shipping Trust: Co. announced 3Q11 Rev at 16.4m, +5% yoy, while Net Profit at 6.2, -13% yoy, while DPU yield at 7.3% was slightly lower vs 7.5% yoy. Result brings 9M11 rev to 46.9m, +2% yoy while DPU yield at 7.2% vs 7.5% yoy.
Co. has also proposed to seek a voluntary delisting of Trust from SGX, at an exit price of US$0.43 / unit. Co. will be issuing a to Unitholders, to provide unitholders with the advice of the independent financial advisor to the independent directors and the recommendations of the independent directors with regard to the Exit Offer.
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