Core Viewpoint - Toro Corp. has announced the full redemption of 60,000 shares of Castor Maritime Inc.'s 8.75% Series E Cumulative Perpetual Convertible Preferred Shares for cash consideration, including accrued distributions [1][2]. Group 1: Company Overview - Toro Corp. is an international energy transportation services provider with a modern fleet that includes two LPG carriers and two MR tanker vessels, transporting petrochemical gases and refined petroleum products globally [3]. - The company is incorporated under the laws of the Republic of the Marshall Islands and its common shares are traded on the Nasdaq Capital Market under the symbol "TORO" [3]. Group 2: Transaction Details - The redemption of the Series E Preferred Shares was approved by the boards of directors of both Toro and Castor, following recommendations from their respective special committees of independent directors [2]. - The cash consideration for the redemption is equal to the stated amount of the Series E Preferred Shares plus an additional 0.523% [1].