Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 234

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 19
Chunk 234
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 $ 3,256, was recognized as a reduction of retained earnings as a deemed dividend, and has been considered in the calculations of Earnings per Common Share in 2023 (Note 10).

9. Investments in debt securities

On October 25, 2023, the Company entered a seven-year investment in debt securities amounting to $ 5,000 quarterly basis on the 25th day of January, April, July and October in each year from, and including, January 25, 2024, to, and including, October 25, 2030

On March 1, 2024, the Company entered a seven-year investment in debt securities amounting to $ 5,000 quarterly basis on the 3rd day of March, June, September and December in each year from, and including, June 3, 2024, to, and including, March 3, 2031

On October 10, 2024, the Company entered a two-year investment in debt securities amounting to $ 5,000. Interest income is earned on a quarterly basis on the 10thday of January, April, July and October in each year from, and including, January 10, 2025, to, and including, October 9, 2026.

On October 30, 2024, the Company entered a two-year investment in debt securities amounting to $ 10,000. Interest income is earned on a quarterly basis on the 30thday of January, April, July and October in each year from, and including, January 30, 2025, to, and including, October 30, 2026.

The Company classified the above investments in debt securities as held-to-maturity and recognized at amortized cost basis. The carrying value of the investments as of December 31, 2024 and 2023, amounted to $ 25,230 and $ 5,064, respectively.

The maturity schedule of the outstanding investments in debt securities as of December 31, 2024, is as follows:

Investments in debt securities - maturity schedule of the outstanding investments in debt securities (Table)

  Maturity date          Carrying amount      Fair value  
  Due within 1 year                    —               —  
 ──────────────────────────────────────────────────────────
  Due in 1-5 years                15,088          14,932  
  Due in 5-10 years