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Toro Sets Record Date for LPG Carrier Business Spin-off

Toro Sets Record Date for LPG Carrier Business Spin-off

MT newswireMT newswire2026/09/21 21:04
05:04 PM EDT, 09/21/2026 (MT Newswires) -- Toro (TORO) said late Monday it has set the record date for the spin-off of its liquefied petroleum gas carrier unit AI OKTO to Oct. 1. The company expects to complete the distribution of AI OKTO common shares on Oct. 8, according to a statement. Under the transaction, Toro shareholders will receive a common share of AI OKTO for every eight Toro common shares held as of the record date, the company said.
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