ATHENS, Greece, April 08, 2024 (GLOBE NEWSWIRE) -- TEN Ltd. ("TEN") (NYSE:TNP) (the "Company"), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares ((the "Series F Preferred Shares", NYSE:TNPPRF).

The dividend on the Series F Preferred Shares is for the period from the most recent dividend payment date on January 30, 2024 through April 29, 2024.

The dividend on the Series F Preferred Shares will be paid on April 30, 2024 to all holders of record of Series F Preferred Shares as of April 25, 2024. Dividends on the Series F Preferred Shares are payable quarterly in arrears on the 30^th day (unless the 30^thfalls on a weekend or public holiday, in which case the payment date is moved to the next business day) of January, April, July and October of each year, when, as and if declared by TEN's board of directors. This is the 23^rd dividend on the Series F since their commencement of trading on the New York Stock Exchange.

TEN has 6,747,147 Series F Preferred Shares outstanding as of the date of this press release.

ABOUT TSAKOS ENERGY NAVIGATION

TEN, founded in 1993 and is one of the first and most established public shipping companies in the world. TEN's diversified energy fleet currently consists of 74 double-hull vessels, including four DP2 shuttle tankers, two scrubber-fitted suezmax vessels and two scrubber-fitted MR product tankers under construction, constituting a mix of crude tankers, product tankers and LNG carriers, totaling 9.1 million dwt.

ABOUT FORWARD-LOOKING STATEMENTS

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

For further information, please contact:

Company

Tsakos Energy Navigation Ltd.

George Saroglou

President & COO

+30210 94 07 710

gsaroglou@tenn.gr

Investor Relations / Media

Capital Link, Inc.

Nicolas Bornozis

Markella Kara

+212 661 7566

ten@capitallink.com

TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares