Genco Shipping & Trading Limited Urges Shareholders to Vote “FOR” its Highly Qualified Directors at June 18th Annual Meeting

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Leading Proxy Advisory Firms – ISS, Glass Lewis and Egan-Jones – All Support Reelection of Genco’s Full Board, Who Continue to Deliver Superior Shareholder Value in a Strengthening Drybulk Market Diana’s Handpicked Nominees Pose Significant Risks to Shareholders’ Investments Additional Information and Video on How to Vote the WHITE Proxy Card is Available at www.GencoDrivesSuperiorReturns.com NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today issued the following reminder to all Genco shareholders ahead of the Company’s Annual Meeting of Shareholders scheduled for June 18, 2026: Your vote is important. The deadline to vote is June 17, 2026 at 11:59 PM ET, so vote today online, by phone or by returning your WHITE proxy card before time runs out. Don’t tender your shares. Diana has launched a $24.80 per share offer that significantly undervalues Genco and its assets, is well below Genco’s net asset value (NAV) and does not include a control premium. The offer is also well below the current mean analyst NAV estimate of $26.66 and the current median estimate of $27.10 in a period of rising asset values across the industry.2 Diana’s offer is not in the best interests of Genco shareholders, and we urge shareholders not to tender their shares into their inadequate offer. For additional information on how shareholders can protect their investment, visit www.GencoDrivesSuperiorReturns.com. If you have any questions or require any assistance with voting your shares, please call or email Genco’s proxy solicitor: MacKenzie Partners, Inc.Toll Free: 800-322-2885Email: [email protected] Jefferies LLC is acting as financial advisor to Genco and Herbert Smith Freehills Kramer (US) LLP and Sidley Austin LLP are serving as legal counsel to Genco. Morgan Stanley & Co. LLC is acting as special advisor to the Board of Directors. About Genco Shipping & Trading Limited Genco Shipping & Trading Limited is a U.S. based drybulk ship owning company focused on the seaborne transportation of commodities globally. We transport key cargoes such as iron ore, coal, grain, steel products, bauxite, cement, nickel ore among other commodities along worldwide shipping ...

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