DIANA SHIPPING INC.

Diana Shipping Inc. announced a new time charter contract for its Panamax dry bulk vessel, m/v Ismene, with Paralos Shipping Pte. Ltd. The new gross charter rate is $15,750 per day, a significant increase from the previous rate of $11,000 per day. This contract is expected to generate approximately $4.88 million in gross revenue for the minimum scheduled period, commencing on July 05, 2026.

Diana Shipping Inc. announced a new time charter contract for its Panamax dry bulk vessel, m/v Ismene, with Paralos Shipping Pte. Ltd. The new gross charter rate is US$15,750 per day, a significant increase from the previous US$11,000 per day. The contract is expected to commence on July 5, 2026, and run until at least May 15, 2027, generating approximately US$4.88 million in gross revenue. The company's fleet currently comprises 36 dry bulk vessels, with two additional new-building Kamsarmax vessels expected for delivery by the first half of 2028.

Diana Shipping Inc. reaffirmed its commitment to acquire Genco Shipping & Trading Limited, increasing its offer to an implied value of $27.34 per Genco share. The revised offer consists of $24.80 in cash and one Diana share valued at $2.54, representing a 53% premium to Genco's undisturbed share price and a 6% premium to its net asset value. Diana, Genco's largest shareholder, urged Genco's board to engage in good faith, noting previous rejections without meaningful discussion or counterproposals.

Diana Shipping Inc. has increased its offer to acquire all outstanding shares of Genco Shipping & Trading Limited not already owned by Diana to a total implied value of $27.34 per share. The revised offer comprises $24.80 per share in cash plus one Diana share, valued at $2.54. This represents a 53% premium to Genco's undisturbed share price and a 6% premium to its Net Asset Value. Diana has formally requested that Genco delay its Annual Meeting to allow its Board and shareholders time to properly evaluate the increased offer.

Diana Shipping Inc., the largest shareholder of Genco Shipping & Trading Limited, issued a final reminder to Genco shareholders ahead of Thursday's Annual Meeting. Diana is urging shareholders to vote for its nominees, Jens Ismar and Paul Cornell, and against Genco's proposals to ratify its poison pill and equity incentive plan. Diana criticizes Genco's board for governance failures, including adopting a poison pill and an employee retention plan designed to protect management, particularly Chairman John Wobensmith, without shareholder approval. Diana's $24.80 per share all-cash tender offer for Genco shares remains open until June 26, 2026.

Diana Shipping Inc., the largest shareholder of Genco Shipping & Trading Limited, urged Genco shareholders to vote the GOLD universal proxy card at the upcoming Annual Meeting on June 18, 2026. Diana is advocating for its nominees, Jens Ismar and Paul Cornell, and against Genco's proposals to ratify its poison pill and equity incentive plan, both of which Institutional Shareholder Services (ISS) has also recommended against. Additionally, Diana reminded shareholders that its $24.80 per share all-cash tender offer for Genco remains active until June 26, 2026.

Diana Shipping Inc., Genco's largest shareholder, is urging Genco shareholders to vote against the ratification of Genco's poison pill and to elect its two independent nominees, Jens Ismar and Paul Cornell, at the upcoming Annual Meeting on June 18, 2026. This push is supported by Institutional Shareholder Services (ISS), which recommended voting against the poison pill due to entrenchment concerns. Glass Lewis also acknowledged Diana as a "serious and committed bidder" and highlighted risks that the poison pill could limit shareholders' ability to evaluate Diana's $24.80 per share all-cash offer, which expires on June 26, 2026.

Diana Shipping Inc., the largest shareholder of Genco Shipping & Trading Limited, is narrowing its proxy contest to elect two nominees, Jens Ismar and Paul Cornell, to the Genco Board. This decision is linked to Diana's all-cash offer of $24.80 per share for Genco, stating the offer will be reassessed if the nominees are not elected. Diana also urges Genco shareholders to vote against Genco's poison pill and to withhold votes for two Genco nominees.

Diana Shipping Inc., the largest shareholder of Genco Shipping & Trading Limited, criticized Genco's board for using shifting valuation standards and a "poison pill" to avoid engagement with Diana's fully financed, all-cash offer of $24.80 per share. Diana highlighted that its offer is approximately 1.0x NAV based on Genco's previously used valuation source, while Genco's current estimates fail to account for liquidation costs and demand an inconsistent control premium. Diana called on Genco to agree to an independent valuation process, remove its poison pill, and urged Genco shareholders to vote for Diana's independent nominees and tender their shares by June 26, 2026.

Diana Shipping Inc. (DSX) criticized Genco Shipping & Trading Limited's (GNK) Board for rejecting its $24.80 per share all-cash tender offer for the third time without engagement. Diana, Genco's largest shareholder, is urging Genco shareholders to elect six independent directors at the June 18 Annual Meeting via the GOLD universal proxy card. Diana also called on shareholders to tender their shares, highlighting Genco's change in valuation methods and significant spending ($15M+) to oppose the offer. Diana remains committed to its offer, which expires June 26, 2026.