Enhanced Investments - Financial Portal

Published: 2024-05-28 16:41:10 ET

<<< go to DSX company page

6-K 1 d11061584_6k.htm

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2024

Commission File Number: 001-32458

DIANA SHIPPING INC.

(Translation of registrant's name into English)

Pendelis 16, 175 64 Palaio Faliro, Athens, Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [X] Form 40-F [ ]

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated May 28, 2024 of Diana Shipping Inc. (the "Company"), announcing the Company’s financial results for the first quarter ended March 31, 2024.

The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statements on Form F-3 (File Nos. 333-256791 and 333-266999) that were filed with the U.S. Securities and Exchange Commission and became effective on July 9, 2021 and September 16, 2022, respectively.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	DIANA SHIPPING INC.
	(registrant)


Dated: May 28, 2024	By:	/s/ Ioannis Zafirakis
		Ioannis Zafirakis
		Chief Financial Officer

Exhibit 99.1

	Corporate Contact:
	Ioannis Zafirakis
	Director, Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary
	Telephone: + 30-210-9470100
	Email: izafirakis@dianashippinginc.com
	Website: www.dianashippinginc.com
	X: @Dianaship
For Immediate Release
	Investor and Media Relations:
	Edward Nebb
	Comm-Counsellors, LLC
	Telephone: + 1-203-972-8350
	Email: enebb@optonline.net

DIANA SHIPPING INC. REPORTS FINANCIAL RESULTS

FOR THE FIRST QUARTER ENDED MARCH 31, 2024; DECLARES CASH

DIVIDEND OF $0.075 PER COMMON SHARE FOR THE FIRST QUARTER 2024

ATHENS, GREECE, May 28, 2024 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $2.1 million and net income attributed to common stockholders of $0.6 million for the first quarter of 2024. This compares to net income of $22.7 million and net income attributed to common stockholders of $21.3 million for the first quarter of 2023. Earnings per share for the first quarter of 2024 was $0.01 basic and diluted, compared to earnings per share of $0.22 basic and diluted in the same quarter of 2023.

Time charter revenues were $57.6 million for the first quarter of 2024, compared to $72.6 million for the same quarter of 2023. The decrease in time charter revenues, compared to the same quarter of last year, was due to decreased average charter rates and ownership days.

Dividend Declaration

The Company has declared a cash dividend on its common stock of $0.075 per share, based on the Company’s results of operations during the first quarter ended March 31, 2024. The cash dividend will be payable on or about June 18, 2024 to all common shareholders of record as of June 12, 2024. The Company currently has 120,321,240 common shares issued and outstanding. As of May 20, 2024, there were 3,284,372 warrants exercised.

Q2 2024 Fleet Employment (As of May 27, 2024)

	VESSEL	SISTER SHIPS*	GROSS RATE (USD PER DAY)	COM**	CHARTERERS	DELIVERY DATE TO CHARTERERS***	REDELIVERY DATE TO OWNERS****	NOTES
	BUILT DWT	SISTER SHIPS*	GROSS RATE (USD PER DAY)	COM**	CHARTERERS	DELIVERY DATE TO CHARTERERS***	REDELIVERY DATE TO OWNERS****	NOTES
9 Ultramax Bulk Carriers
1	DSI Phoenix	A	13,250	5.00%	ASL Bulk Marine Limited	4-Nov-22	6-May-24
	2017 60,456		16,500	5.00%	Bulk Trading SA	6-May-24	1/Aug/2025 - 30/Sep/2025
2	DSI Pollux	A	14,000	4.75%	Cargill Ocean Transportation (Singapore) Pte. Ltd.	28-Dec-23	20/Aug/2025 - 20/Oct/2025
	2015 60,446				Cargill Ocean Transportation (Singapore) Pte. Ltd.
3	DSI Pyxis	A	14,250	5.00%	ASL Bulk Marine Limited	24-Sep-23	10/Oct/2024 - 10/Dec/2024
	2018 60,362				ASL Bulk Marine Limited
4	DSI Polaris	A	13,100	5.00%	ASL Bulk Marine Limited	12-Nov-22	15/Jun/2024 - 29/Jul/2024	1
	2018 60,404				ASL Bulk Marine Limited
5	DSI Pegasus	A	14,000	5.00%	Reachy Shipping (SGP) Pte. Ltd.	7-Dec-22	15/Jul/2024 - 15/Sep/2024
	2015 60,508				Reachy Shipping (SGP) Pte. Ltd.
6	DSI Aquarius	B	14,200	5.00%	Engelhart CTP Freight (Switzerland) SA	1-Feb-23	18-Jan-24
	2016 60,309		14,500	5.00%	Stone Shipping Ltd	18-Jan-24	1/Dec/2024 - 1/Feb/2025
7	DSI Aquila	B	12,500	5.00%	Western Bulk Carriers AS	11-Nov-23	10/Nov/2024 - 10/Jan/2025
	2015 60,309				Western Bulk Carriers AS
8	DSI Altair	B	13,800	5.00%	Western Bulk Carriers AS	23-Jun-23	10/Aug/2024 - 10/Oct/2024
	2016 60,309				Western Bulk Carriers AS
9	DSI Andromeda	B	13,500	5.00%	Bunge SA, Geneva	27-Nov-23	20/Feb/2025 - 20/Apr/2025	2,3
	2016 60,309				Bunge SA, Geneva
6 Panamax Bulk Carriers
10	ARTEMIS		12,000	5.00%	Jera Global Markets Pte. Ltd.	14-Oct-23	23-Feb-24	4
	2006 76,942				Jera Global Markets Pte. Ltd.
11	LETO		14,500	4.75%	Cargill International S.A., Geneva	29-Jan-23	3-May-24
	2010 81,297		16,000	5.00%	ASL Bulk Shipping Limited	3-May-24	1/Mar/2025 - 30/Apr/2025
12	SELINA	C	12,000	4.75%	Cargill International S.A., Geneva	20-May-23	15/Sep/2024 - 15/Nov/2024
	2010 75,700				Cargill International S.A., Geneva
13	MAERA	C	12,000	4.75%	Cargill International S.A., Geneva	16-Dec-22	29-Jan-24	5
	2013 75,403		13,750	5.00%	ST Shipping and Transport Pte. Ltd.	29-Jan-24	20/Nov/2024 - 20/Jan/2025	5
14	ISMENE		12,650	5.00%	Paralos Shipping Pte., Ltd.	13-Sep-23	15/Apr/2025 - 30/Jun/2025
	2013 77,901				Paralos Shipping Pte., Ltd.
15	CRYSTALIA	D	11,250	5.00%	Reachy Shipping (SGP) Pte. Ltd.	6-Sep-23	13-Apr-24	6
	2014 77,525		13,900	5.00%	Louis Dreyfus Company Freight Asia Pte. Ltd.	4-May-24	4/Feb/2026 - 4/Jun/2026
16	ATALANDI	D	13,250	4.75%	Aquavita International S.A.	15-Feb-23	29-Apr-24	7
	2014 77,529		15,800	5.00%	Quadra Commodities SA	28-May-24	22-Jul-24	8,9
6 Kamsarmax Bulk Carriers
17	MAIA	E	13,500	5.00%	ST Shipping and Transport Pte. Ltd.	23-Sep-23	15/Jun/2024 - 20/Aug/2024
	2009 82,193				ST Shipping and Transport Pte. Ltd.
18	MYRSINI	E	15,000	5.00%	Salanc Pte. Ltd.	22-Nov-22	20/Jun/2024 - 28/Jun/2024	1
	2010 82,117				Salanc Pte. Ltd.

19	MEDUSA	E	14,250	5.00%	ASL Bulk Shipping Limited	14-May-23	10/Feb/2025 - 15/Apr/2025
	2010 82,194
20	MYRTO	E	12,650	5.00%	Cobelfret S.A., Luxemburg	15-Jul-23	1/Nov/2024 - 15/Jan/2025
	2013 82,131
21	ASTARTE		15,000	5.00%	Reachy Shipping (SGP) Pte. Ltd.	29-Apr-23	1/Aug/2024 - 1/Oct/2024
	2013 81,513
22	LEONIDAS P. C.		17,000	4.75%	Cargill International S.A., Geneva	17-Mar-23	22-Feb-24	10
	2011 82,165		17,000	5.00%	Ming Wah International Shipping Company Limited	22-Feb-24	20/Aug/2025 - 20/Oct/2025
5 Post-Panamax Bulk Carriers
23	ALCMENE		13,000	5.00%	SwissMarine Pte. Ltd., Singapore	2-Jan-23	23-Mar-24
	2010 93,193		16,000	5.00%	Triangle Merchant Maritime Co., Limited	24-Mar-24	1-Jun-24	1,11
24	AMPHITRITE	F	14,250	5.00%	Cobelfret S.A., Luxembourg	9-Nov-22	13-Jan-24
	2012 98,697		15,000			13-Jan-24	15/Nov/2024 - 15/Jan/2025	12
25	POLYMNIA	F	15,000	5.00%	Cobelfret S.A., Luxemburg	14-Jan-23	5-Jun-24	1,13
	2012 98,704
26	ELECTRA	G	14,500	5.00%	Cobelfret S.A., Luxemburg	13-Apr-23	2/Jun/2024 - 30/Jun/2024	1
	2013 87,150
27	PHAIDRA	G	12,250	4.75%	Aquavita International S.A.	9-May-23	1/Sep/2024 - 15/Nov/2024
	2013 87,146
9 Capesize Bulk Carriers
28	SEMIRIO	H	14,150	5.00%	Solebay Shipping Cape Company Limited, Hong Kong	18-Aug-23	20/Nov/2024 - 30/Jan/2025
	2007 174,261
29	HOUSTON	H	13,000	5.00%	EGPN Bulk Carrier Co., Limited	21-Nov-22	1/Jul/2024 - 31/Aug/2024	14
	2009 177,729
30	NEW YORK	H	16,000	5.00%	SwissMarine Pte. Ltd., Singapore	11-Jun-23	1/Oct/2024 - 7/Dec/2024
	2010 177,773
31	SEATTLE	I	17,500	5.00%	Solebay Shipping Cape Company Limited, Hong Kong	1-Oct-23	15/Jul/2025 - 30/Sep/2025
	2011 179,362
32	P. S. PALIOS	I	31,000	5.00%	Classic Maritime Inc.	11-Jun-22	7-May-24
	2013 179,134		27,150	5.00%	Bohai Shipping (HEBEI) Co., Ltd	7-May-24	1/Nov/2025 - 31/Dec/2025
33	G. P. ZAFIRAKIS	J	17,000	5.00%	Solebay Shipping Cape Company Limited, Hong Kong	12-Jan-23	15/Jun/2024 - 15/Aug/2024
	2014 179,492
34	SANTA BARBARA	J	21,250	5.00%	Smart Gain Shipping Co., Limited	7-May-23	10/Oct/2024 - 10/Dec/2024	15
	2015 179,426
35	NEW ORLEANS		20,000	5.00%	Kawasaki Kisen Kaisha, Ltd.	7-Dec-23	15/Aug/2025 - 31/Oct/2025	15,16
	2015 180,960
36	FLORIDA		25,900	5.00%	Bunge S.A., Geneva	29-Mar-22	29/Jan/2027 - 29/May/2027	3
	2022 182,063
4 Newcastlemax Bulk Carriers
37	LOS ANGELES	K	17,700	5.00%	Nippon Yusen Kabushiki Kaisha, Tokyo	15-Jan-23	15/Jun/2024 - 5/Aug/2024
	2012 206,104
38	PHILADELPHIA	K	26,000	5.00%	C Transport Maritime Ltd., Bermuda	12-Apr-22	4-Feb-24
	2012 206,040		22,500	5.00%	Nippon Yusen Kabushiki Kaisha, Tokyo	4-Feb-24	20/Apr/2025 - 20/Jul/2025
39	SAN FRANCISCO	L	22,000	5.00%	SwissMarine Pte. Ltd., Singapore	18-Feb-23	5/Jan/2025 - 5/Mar/2025
	2017 208,006
40	NEWPORT NEWS	L	20,000	5.00%	Nippon Yusen Kabushiki Kaisha, Tokyo	20-Sep-23	10/Mar/2025 - 10/Jun/2025
	2017 208,021


* Each dry bulk carrier is a “sister ship”, or closely similar, to other dry bulk carriers that have the same letter.
** Total commission percentage paid to third parties.
*** In case of newly acquired vessel with time charter attached, this date refers to the expected/actual date of delivery of the vessel to the Company.
**** Range of redelivery dates, with the actual date of redelivery being at the Charterers’ option, but subject to the terms, conditions, and exceptions of the particular charterparty.

1Based on latest information.
2The fixture includes the option for redelivery of vessel east of Suez against a gross ballast bonus of US$250,000.
3Bareboat chartered-in for a period of ten years.
4Vessel has been sold and delivered to her new Owners on March 5, 2024.
5Charterers will compensate the Owners at a rate of 105% of the Baltic Panamax Index 5 TC average as published by the Baltic Exchange on a daily basis or the vessel’s present charter party rate, whichever is higher, for the excess period commencing from December 29, 2023 until the actual redelivery date.
6Vessel on scheduled drydocking during the period from April 15, 2024 to May 4, 2024.
7Vessel on scheduled drydocking during the period from April 29, 2024 to May 28, 2024.
8Estimated delivery date to the Charterers.
9Redelivery date based on an estimated time charter trip duration of about 55 days.
10Vessel off hire for 5.93 days.
11Redelivery date based on an estimated time charter trip duration of about 70 days.
12The charter rate will be US$12,250 per day for the first 30 days of the charter period.
13The charter rate was US$10,000 per day for the first 30 days of the charter period.
14Vessel has been sold and it is expected to be delivered to her new Owners by latest September 16, 2024.
15Bareboat chartered-in for a period of eight years.
16Vessel off hire for 7.43 days

Summary of Selected Financial & Other Data (unaudited)
			Three months ended March 31,
			2024		2023

STATEMENT OF INCOME DATA (in thousands of US Dollars)
	Time charter revenues	$	57,648	$	72,642
	Voyage expenses		3,268		3,811
	Vessel operating expenses		20,864		20,164
	Net income		2,058		22,713
	Net income attributable to common stockholders		616		21,271
FLEET DATA
	Average number of vessels		39.7		41.5
	Number of vessels		39.0		41.0
	Weighted average age of vessels		10.7		10.0
	Ownership days		3,613		3,737
	Available days		3,613		3,720
	Operating days		3,582		3,699
	Fleet utilization		99.1%		99.4%
AVERAGE DAILY RESULTS
	Time charter equivalent (TCE) rate (1)	$	15,051	$	18,503
	Daily vessel operating expenses (2)	$	5,775	$	5,396

Non-GAAP Measures

(1)

Time charter equivalent rates, or TCE rates, are defined as our time charter revenues less voyage expenses during a period divided by the number of available days during the period, which is consistent with industry standards. Voyage expenses include port charges, bunker (fuel) expenses or gain, canal charges and commissions. TCE is a non-GAAP measure. TCE rate is a standard shipping industry performance measure used primarily to compare daily earnings generated by vessels on time charters with daily earnings generated by vessels on voyage charters, because charter hire rates for vessels on voyage charters are generally not expressed in per day amounts while charter hire rates for vessels on time charters are generally expressed in such amounts.

(2)

Daily vessel operating expenses, which include crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the costs of spares and consumable stores, tonnage taxes and other miscellaneous expenses, are calculated by dividing vessel operating expenses by ownership days for the relevant period.

Conference Call and Webcast Information

The Company’s management will conduct a conference call and simultaneous Internet webcast to review these results at 9:00 A.M. (Eastern Time) on Tuesday, May 28, 2024.

Investors may access the webcast by visiting the Company’s website at www.dianashippinginc.com, and clicking on the webcast link. An accompanying investor presentation also will be available via the webcast link and on the Company’s website. The conference call also may be accessed by telephone by dialing 1-877-407-8291 (for U.S.-based callers) or 1-201-689-8345 (for international callers) and asking the operator for the Diana Shipping Inc. conference call.

A replay of the webcast will be available soon after the completion of the call and will be accessible for 30 days on www.dianashippinginc.com. A telephone replay also will be available for 30 days by dialing 1-877-660-6853 (for U.S.-based callers) or 1-201-612-7415 (for international callers) and providing the Replay ID number 13746383.

About the Company

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

(See financial tables attached)

DIANA SHIPPING INC.
FINANCIAL TABLES
Expressed in thousands of U.S. Dollars, except share and per share data

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
			Three months ended March 31,
			2024		2023
REVENUES:
	Time charter revenues	$	57,648	$	72,642
OPERATING EXPENSES
	Voyage expenses		3,268		3,811
	Vessel operating expenses		20,864		20,164
	Depreciation and amortization of deferred charges		11,102		13,254
	General and administrative expenses		8,533		7,682
	Management fees to a related party		333		315
	Gain on sale of vessels		(1,572)		(4,995)
	Other operating income		(285)		(210)
	Operating income, total	$	15,405	$	32,621

OTHER INCOME / (EXPENSES):
	Interest expense and finance costs		(12,056)		(11,658)
	Interest and other income		1,736		1,774
	Gain on derivative instruments		338		-
	Loss on extinguishment of debt		-		(44)
	Gain on investments		1,716		-
	Loss on warrants		(4,684)		-
	Gain/(loss) from equity method investments		(397)		20
	Total other expenses, net	$	(13,347)	$	(9,908)

Net income and comprehensive income		$	2,058	$	22,713
Dividends on series B preferred shares			(1,442)		(1,442)

Net income and comprehensive income attributable to common stockholders			616		21,271

Earnings per common share, basic		$	0.01	$	0.22

Earnings per common share, diluted		$	0.01	$	0.22
Weighted average number of common shares outstanding, basic			110,330,456		97,323,011
Weighted average number of common shares outstanding, diluted			111,378,871		98,500,961

CONDENSED CONSOLIDATED BALANCE SHEET DATA
(in thousands of U.S. Dollars)

			March 31, 2024		December 31, 2023*
ASSETS			(unaudited)

Cash, cash equivalents, restricted cash and time deposits		$	161,974**	$	161,592**
Investments in equity securities			-		20,729
Other current assets			41,993		19,900
Fixed assets			904,007		924,474
Investments in related parties and equity method investments			41,266		24,087
Other noncurrent assets			14,123		15,628
	Total assets	$	1,163,363	$	1,166,410

LIABILITIES AND STOCKHOLDERS' EQUITY

Long-term debt and finance liabilities, net of deferred financing costs		$	628,148	$	642,772
Other liabilities			38,827		34,617
Total stockholders' equity			496,388		489,021
	Total liabilities and stockholders' equity	$	1,163,363	$	1,166,410

*	The balance sheet data have been derived from the audited consolidated financial statements at that date.
**	Includes time deposits of $40 million as of March 31, 2024 and December 31, 2023, respectively

OTHER FINANCIAL DATA (unaudited)
		Three months ended March 31,
		2024		2023

Net cash provided by operating activities	$	37,965	$	33,196
Net cash used in investing activities		(21,049)		(10,645)
Net cash used in financing activities	$	(16,534)	$	(50,799)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.