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Mainstay Maritime Announces Agreement to Sell Canadian Operating Companies and Fleet to Algoma Central Corporation

Positions Company to Deepen Investment in Core U.S. Jones Act Operations, Building on Robust Demand for Reliable, U.S. Jones Act Marine Great Lakes Shipping WILLIAMSVILLE, N.Y., Feb. 27, 2026 /PRNewswire/ -- Mainstay Maritime Inc. ("Mainstay"), a leading marine infrastructure company specializing in the movement of dry bulk and liquid cargos throughout the Great Lakes Region, today announced it has entered into a definitive agreement to sell its three Canadian operating companies and associated fleet of six Canadian-flagged vessels to Algoma Central Corporation (TSX: ALC) ("Algoma"), a premier Canadian marine shipping company operating across the Great Lakes-St. Lawrence Seaway.

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Algoma Central Corporation Announces Agreement to Acquire Lower Lakes Fleet

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced it has entered into a definitive agreement to acquire Mainstay Maritime Inc.'s (“Mainstay”) three Canadian operating companies and associated fleet of six Canadian-flagged vessels. Mainstay, formerly Rand Logistics, Inc., operates one of the largest Jones Act-compliant fleets serving the Great Lakes, specializing in th.

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Algoma Central Corporation Announces a 5% Increase in Quarterly Dividend

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the Company's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.21 per common share. The dividend is payable on March 2, 2026 to shareholders of record on February 13, 2026. This $0.21 common share dividend represents a 5% increase from the $0.20 per share dividend paid on Decembe.

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Algoma Central Corporation Celebrates 100th Vessel Milestone

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (“Algoma” or “the Company”) (TSX:ALC), today took delivery of the Algoma Legacy, the first of three new methanol-ready Kamsarmax-sized ocean belt self-unloading vessels. With this addition, the Company will have an ownership interest in 100 vessels across its global fleet, a historic milestone that underscores its leadership in long-term growth in diversified short sea shipping markets. “This is a proud moment on two fronts: t.

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Algoma Central Corporation Reports Financial Results for the 2025 Second Quarter

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the three and six months ended June 30, 2025. Algoma reported second quarter revenues of $211,715, compared to revenues of $180,968 in 2024. Net earnings for the 2025 second quarter were $32,883 compared to net earnings of $17,464 in 2024. EBITDA was $72,582 in the second quarter compared to $48,406 in 2024. All amounts reported below are in thousands of Canad.

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Algoma Central Corporation to Issue Second Quarter Financial Results on August 6, 2025

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) today announced it will report its financial results for the three and six months ended June 30, 2025 before market open on August 6, 2025. The Company's 2025 second quarter earnings release and full financial results will be available on the Company's website and on SEDAR. Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical.

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Algoma Central Corporation Announces Results of 2025 Annual General Meeting of Shareholders

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX:ALC), held its Annual General Meeting of Shareholders (the “Meeting”) on May 2, 2025. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company's Management Information Circular dated March 7, 2025, available online at www.algonet.com/investor-relations and www.sedarplus.ca. 1. Election of Directors All nominees listed in the Management Information Circular were el.

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Algoma Central Corporation Reports Financial Results for the 2025 First Quarter

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the three months ended March 31, 2025. Algoma reported revenues of $107,201, compared to revenues of $109,214 in 2024. Net loss for 2025 was $23,280 compared to a net loss of $17,253 for the same period in 2024. Due to the closing of the canal system and the winter weather conditions on the Great Lakes – St. Lawrence Seaway, the majority of the Domestic Dry-Bu.

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Algoma Central Corporation and Irving Oil Welcome New Tanker Vessels to Fuel Energy Deliveries

SAINT JOHN, New Brunswick--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Irving Oil and Algoma Central Corporation (“Algoma”) (TSX: ALC) welcomed the first of two new product tankers into Saint John Harbour today. The vessels will service Canada's largest refinery with deliveries to ports in Atlantic Canada and the U.S. East Coast. The vessels represent a total investment of $127 million by Algoma in partnership with Irving Oil. The Algoma East Coast and the Algoma Acadian – the latter of which will arrive later this sprin.

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Algoma Central Corporation to Hold 2025 Annual General Meeting of Shareholders on May 2, 2025

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) is pleased to announce that the 2025 Annual General Meeting (the “Meeting”) of Shareholders will be held in person on Friday May 2, 2025 at Vantage Venues, 27th floor, 150 King Street West, Toronto, Ontario M5H 1J9 at 11:30 a.m. (EDT). The Company's Management Information Circular and Notice of Meeting as well as its 2024 Annual Report is available to shareholders in the Investor Relations section of Algoma's websit.

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Algoma Central Corporation Takes Delivery of Three Vessels Within One Week

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (“Algoma”, “Company”) (TSX: ALC) has achieved a significant milestone, taking delivery of three new ships, from three different countries, within one week for the first time in Company history. Since 2013, Algoma has built 23 vessels with 12 more on order or under construction. “This milestone reflects Algoma's commitment to making significant capital investments to meet our customers' needs - in the U.S., Canada, and internat.

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Algoma Central Corporation Announces a 5% Increase in Quarterly Dividend

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the Company's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.20 per common share. The dividend is payable on March 3, 2025 to shareholders of record on February 14, 2025. This $0.20 common share dividend represents a 5% increase from the $0.19 per share dividend paid on Decembe.

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Algoma Central Corporation to Issue Third Quarter Financial Results on November 4, 2024

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) today announced it will report its financial results for the three and nine months ended September 30, 2024 before market open on November 4, 2024. The Company's third quarter earnings release and full financial results will be available on the Company's website and on SEDAR. Algoma Central Corporation is a global provider of marine transportation that owns and operates dry and liquid bulk carriers, serving markets.

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Algoma Central Corporation Announces Convertible Debenture Conversion Price

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) announced today that following the second quarter dividend of $0.19 per common share, an adjustment has been made to the conversion price of the convertible debentures, reducing it to $14.10. The convertible debentures have a maturity date of June 30, 2024. The second quarter dividend will be paid on June 3, 2024 to shareholders of record on May 17, 2024. About Algoma Central Corporation Algoma Centr.

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Algoma Central Corporation Announces Results of 2024 Annual General and Special Meeting of Shareholders

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX:ALC), held its Annual General and Special Meeting of Shareholders (the “Meeting”) on May 1, 2024. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company's Management Information Circular dated March 8, 2024, available online at www.algonet.com/investor-relations and www.sedarplus.ca. 1. Election of Directors All nominees listed in the Management Information Circ.

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Algoma Central Corporation Reports Financial Results for the 2024 First Quarter

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the three months ended March 31, 2024. Algoma reported revenues of $109,214, a 2% decrease compared to the same period in 2023. Net loss for 2024 was $17,253 compared to a net loss of $19,640 for the same period in 2023. Prior year first quarter results included a $3,481 after-tax gain from the sale of two vessels in the Product Tankers segment. Excluding this.

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Algoma Central Corporation to Hold 2024 Annual General and Special Meeting of Shareholders on May 1, 2024

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) is pleased to announce that the 2024 Annual General and Special Meeting (the “Meeting”) of Shareholders will be held in person on Wednesday May 1, 2024 at Vantage Venues, 27th floor, 150 King Street West, Toronto, Ontario M5H 1J9 at 11:30 a.m. (EDT). The Company's Management Information Circular and Notice of Meeting as well as its 2023 Annual Report is available to shareholders in the Investor Relations section of.

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Algoma Central Corporation Announces Renewal of Normal Course Issue Bid

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, announced today that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to proceed with the renewal of its normal course issuer bid (the “NCIB”). Algoma's Board of Directors believes that the market price of Algoma's common shares (“Shares”), from time to time, may not reflect the inherent value of the Company and.

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Algoma Central Corporation Reports Financial Results for Fiscal 2023

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the year ended December 31, 2023. Algoma reported revenues of $721,220, a 6% increase compared to the same period in 2022. Net earnings for 2023 were $82,870 compared to $119,966 for the same period in 2022. Prior year results included a $9,977 gain from the sale of Station Mall and a $10,848 impairment reversal. The Company reported 2023 EBITDA of $187,115 co.

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Algoma Central Corporation to Issue Fiscal 2023 Financial Results on February 26, 2024

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) today announced it will report its financial results for the year ended December 31, 2023 before market open on February 26, 2024. The Company's fiscal 2023 earnings release and full financial results will be available on the Company's website and on SEDAR. Algoma Central Corporation is a global provider of marine transportation that owns and operates dry and liquid bulk carriers, serving markets thr.

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