• Diana Shipping launched shareholder campaign at Genco, starting all-cash tender offer at USD 23.5 per share, scheduled to expire June 2, 2026.
• Offer followed five months of rejected approaches, including initial proposal at USD 20.6 per share on Nov. 24, 2025, raised to USD 23.5 on March 6, 2026.
• Financing set at USD 1.43 billion, no financing condition; separate agreement with Star Bulk to sell 16 Genco vessels for USD 470.5 million upon deal completion.
• Proxy fight escalated with nomination of six independent director candidates for election at Genco 2026 annual meeting; meeting date not yet announced.
• Diana holds 6,413,151 Genco shares, about 14.8% of outstanding stock.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diana Shipping Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-054969), on May 04, 2026, and is solely responsible for the information contained therein.