Urges Shareholders to Vote "FOR” Genco’s Highly Qualified Board on the WHITE Proxy Card - and "WITHHOLD” on Diana’s Nominees
For More Information Visit www.GencoDrivesSuperiorReturns.com
NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco” or the "Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today issued the following communication with important facts shareholders should know to protect their Genco investment.
KNOW THE FACTS: Vote the WHITE Proxy Card
Diana Shipping Inc. ("Diana”) has made numerous false, misleading and unsubstantiated claims as part of its hostile campaign to take over Genco on the cheap. Do NOT be fooled. Diana is making these statements to distract from the simple truth: Diana is trying to take control of your company without paying full and fair value for doing so.
Genco shareholders should have the facts about our highly qualified Board of Directors, our commitment to strong governance and our Comprehensive Value Strategy, which is driving strong returns and creating shareholder value. Shareholders also need to understand the facts about Diana and the risks of putting their unfit handpicked nominees on the Genco Board.
Here are just some of the many examples of Diana’s myths from their most recent disclosure and the facts that you should know.
About the value of Diana’s inadequate acquisition proposals
| Myths | Facts |
| Diana’s $23.50 per... |
Urges Shareholders to Vote "FOR” Genco’s Highly Qualified Board on the WHITE Proxy Card - and "WITHHOLD” on Diana’s Nominees For More Information Visit www.GencoDrivesSuperiorReturns.com NEW YORK, ...