Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.7% of the outstanding shares of common stock of Genco Shipping & Trading Limited
GNK
(“Genco”), today announced the launch of www.CashforGenco.com, a campaign website providing Genco shareholders with information and resources related to Diana’s effort to elect six highly qualified independent director candidates to Genco’s Board of Directors (the “Genco Board”) at the Company’s 2026 Annual Meeting of Shareholders on June 18, 2026.
The website details Diana’s case for change at Genco, including the Genco Board’s six-month refusal to engage on Diana’s fully financed, all-cash proposal to acquire Genco at $23.50 per share — a 31% premium to Genco’s undisturbed share price and 1.0x its NAV — and its extensive record of entrenchment and governance failures that Diana believes reflects a board consumed with protecting its own roles and compensation at shareholders’ expense. It also provides detailed information on Diana’s six independent director nominees, each of whom brings deep and complementary experience across drybulk shipping, finance, M&A and corporate governance, and none of whom are affiliated with Diana.
On www.CashforGenco.com, shareholders can find instructions for how to vote for independent directors committed to ensuring the Genco Board fulfills its fiduciary obligation to evaluate all value-maximizing alternatives on the merits, including Diana’s $23.50 per share all-cash offer, tender offer, and any other strategic alternative that may emerge. It also contains instructions for how to tender shares pursuant to Diana’s tender offer at $23.50 per share in cash.
Diana urges all Genco shareholders to vote the GOLD universal proxy card “FOR” each of Diana’s six independent nominees — Gustave Brun-Lie, Paul Cornell, Chao Sih Hing Francois, Jens Ismar, Viktoria Poziopoulou and Quentin Soanes — and “WITHHOLD” on Genco’s nominees as soon as possible.
Diana encourages all shareholders to review the information regarding their highly qualified nominees and other materials related to its proxy campaign at www.CashforGenco.com.
Source: Diana Shipping Inc.
