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Tuesday, March 6, 2007

General Maritime Corp. GMR-N -What is the Record Date?

On March 1, 2007 General Maritime issued this follow-up press release;

"16:16 EST Thursday, Mar 01, 2007

NEW YORK, March 1 /PRNewswire-FirstCall/ -- General Maritime Corporation (NYSE: GMR) today announced the New York Stock Exchange has notified the Company that the ex-dividend date for both its recently declared special cash dividend and fourth quarter 2006 dividend will be March 26, 2007.

On February 21, 2007, General Maritime Corporation announced that its Board of Directors has declared a special one-time cash dividend of $15.00 per share along with a quarterly dividend of $0.62 per share with respect to its fourth quarter of 2006, each payable on or about March 23, 2007 to shareholders of record as of March 9, 2007."

I find this press release very confusing.

I am not sure if March 9 or March 23 is the record date for the special $15 dividend.

I am trying to contact the company to clarify this press release.

Please conduct your own due diligence on this matter.

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