AI OKTO (AIOK) declared a one-time special dividend of $3.50 per common share, payable in cash or common shares.
The record date is November 2, 2026, with payment expected on or about November 25, 2026. Share elections use a $4.5159 price, based on the five-day volume-weighted average through October 22, 2026; shares' market value at payment may differ. Because the dividend exceeds 25% of the current trading price, shares will trade with due bills, which transfer dividend rights to buyers, from November 2 through November 25, 2026. The expected ex-dividend date is November 26, 2026. Buyers during the due-bill period receive cash and cannot elect shares.
AI OKTO (NASDAQ: AIOK) agreed to sell the LPG carrier Dream Arrax to a Robin Energy subsidiary for $18 million. Robin is controlled by AI OKTO’s chairman and chief executive officer. Both boards approved the terms following negotiation and recommendations by independent, disinterested director committees. Delivery of the 2015-built, 5,000 cbm vessel is expected in the fourth quarter of 2026, subject to customary closing conditions.