Toro Corp. Announces Shareholder Election Results and Payment of Special Dividend

Core Viewpoint - Toro Corp. has announced the results of shareholder elections regarding a special dividend of $1.75 per common share, which was paid on January 16, 2026, to shareholders of record as of December 16, 2025 [1][2]. Dividend Details - The special dividend was paid in the form of approximately $9.3 million in cash and 7,378,575 shares of the Company's common stock [3]. - The number of common shares for the dividend election was based on a 20-day volume weighted average trading price of $3.8386 per share [3]. Company Overview - Toro Corp. is a global energy transportation services provider with a fleet that includes two LPG carriers and two MR tanker vessels, transporting petrochemical gases and refined petroleum products worldwide [5]. - The Company is incorporated under the laws of the Republic of the Marshall Islands and trades on the Nasdaq Capital Market under the symbol "TORO" [5].