In December 2022, the Company exercised its purchase options on two 2009-built Aframax vessels under sale leaseback arrangement, which were accounted for as operating leases prior to declaration of the options. The aggregate purchase price, net of prepaid charter hire of both vessels was approximately $41 million, representing a discount at the time of approximately 45% to the market value of these vessels. CONFERENCE CALL The Company will host a conference call to discuss its third quarter 2023 results at 9:00 a.m. Eastern Time ("ET") on Tuesday, November 7, 2023.