SUBSEQUENT EVENTS	3 Months Ended
Mar. 31, 2026
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	15 – SUBSEQUENT EVENTS On April 15, 2026 the Company completed the sale of the Genco Predator, a 2005-built Supramax vessel, to a third party for $10,600 less a 3.0% commission payable to a third-party broker. The vessel assets for the Genco Predator have been classified as held for sale in the Condensed Consolidated Balance Sheet as of March 31, 2026 at its net book value. This vessel was unencumbered as of March 31, 2026. During the second quarter of 2026, the Company expects to record a net gain on the sale of the Genco Predator similar to the net gain on sale of the Genco Picardy recorded during the first quarter of 2026. On April 16, 2026, the Company entered into an agreement to acquire a 2019-built 182,000 dwt scrubber-fitted Capesize vessel for a total purchase price of $65,000. The Company paid the $6,500 deposit on May 1, 2026 utilizing cash on hand and this deposit will be held in an escrow account until the Company takes delivery of the vessel. The Company expects to take delivery of the vessel during June 2026. On May 6, 2026, the Company announced a regular quarterly dividend of $0.35 per share to be paid on or about May 26, 2026 to shareholders of record as of May 18, 2026. The aggregate amount of the dividend is expected to be approximately $15.6 million based on the number of shares currently outstanding, and the Company anticipates funding the dividend from cash on hand at the time the payment is to be made.

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2026

15 – SUBSEQUENT EVENTS

On April 15, 2026 the Company completed the sale of the Genco Predator, a 2005-built Supramax vessel, to a third party for $10,600 less a 3.0% commission payable to a third-party broker. The vessel assets for the Genco Predator have been classified as held for sale in the Condensed Consolidated Balance Sheet as of March 31, 2026 at its net book value. This vessel was unencumbered as of March 31, 2026. During the second quarter of 2026, the Company expects to record a net gain on the sale of the Genco Predator similar to the net gain on sale of the Genco Picardy recorded during the first quarter of 2026.

On April 16, 2026, the Company entered into an agreement to acquire a 2019-built 182,000 dwt scrubber-fitted Capesize vessel for a total purchase price of $65,000. The Company paid the $6,500 deposit on May 1, 2026 utilizing cash on hand and this deposit will be held in an escrow account until the Company takes delivery of the vessel. The Company expects to take delivery of the vessel during June 2026.

On May 6, 2026, the Company announced a regular quarterly dividend of $0.35 per share to be paid on or about May 26, 2026 to shareholders of record as of May 18, 2026. The aggregate amount of the dividend is expected to be approximately $15.6 million based on the number of shares currently outstanding, and the Company anticipates funding the dividend from cash on hand at the time the payment is to be made.