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Global Ship Lease Reports Results for the Fourth Quarter of 2020
Global Ship Lease Inc.March 4, 2021 GMT
LONDON, March 04, 2021 (GLOBE NEWSWIRE) Global Ship Lease, Inc. (NYSE:GSL) (the “Company,” “Global Ship Lease” or “GSL”), a containership charter owner, announced today its unaudited results for the three months and year ended December 31, 2020.
Full Year 2020 and Year To Date 2021 Highlights
- Reported operating revenue of $70.0 million for the fourth quarter 2020. Operating revenue for the year ended December 31, 2020 was $282.8 million.
- Reported net income available to common shareholders of $10.8 million for the fourth quarter 2020 after $0.5 million premium paid on the redemption in December 2020 of $28.0 million of our 9.875% Senior Secured Notes due 2022 (“2022 Notes”), giving normalized net income(3) of $11.3 million. For the year ended December 31, 2020