NEW YORK, June 20, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Ocean Yield ASA (Oslo Bors: OCY; OTCQX: OYIEF), a ship owning company with investments within shipping and oil-service, has qualified to trade on the OTCQX® Best Market. Ocean Yield upgraded to OTCQX from the Pink® market.
Ocean Yield begins trading today on OTCQX under the symbol "OYIEF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are thrilled to welcome Ocean Yield to our family of established, investor-focused U.S. and global companies," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Trading on OTCQX will allow Ocean Yield to expand its shareholder base and visibility in the U.S. market without incurring the high cost and duplicative regulatory requirements of a U.S. stock exchange listing."
Ocean Yield ASA's Chief Executive Officer Lars Solbakken said in a comment: "The establishment of a quotation on OTCQX will offer investors in the United States transparency and efficient trading of Ocean Yield's foreign ordinary shares."
Ocean Yield is a ship owning company with investments within shipping and oil-service. The company focuses on modern assets with long-term charters to solid counterparties. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
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SOURCE OTC Markets Group Inc.