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Tufton Oceanic Assets tops 13% yield

Tufton Oceanic Assets, the shipping-oriented fund manager with a London Stock Exchange listing, announces a run rate yield of 13.6% for the second quarter of the year. This comfortably tops its target internal rate of return of 12%

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The company is also upbeat for shipping’s prospects, with feedership rates stabilising and a recovery in Brazilian iron ore output boosting the dry bulk market

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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