SFL - Filing of 2020 Annual Report on Form 20-F

Rhea-AI Summary

SFL Corporation Ltd. (NYSE: SFL) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission. The report, which includes audited financial statements, is accessible on SFL's website and the SEC's site. Shareholders can request a free hard copy of the report. SFL, which has been consistent in dividend payments since its NYSE listing in 2004, operates a fleet of over 80 vessels, supported by long-term charters and a growing asset base.

Positive

• Consistent dividend payments since 2004, indicating reliable cash flow and financial stability.
• A diverse fleet of over 80 vessels across various sectors, providing revenue resilience.

Negative

• Dependence on global economic strength and fluctuating charter rates could impact future earnings.
• Potential risks due to geopolitical factors, regulatory changes, and the ongoing effects of the coronavirus outbreak on shipping demand.

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) announces that its annual report on Form 20-F for the financial year ended December 31, 2020 (the “Annual Report”) has been filed with the U.S. Securities and Exchange Commission (the “Commission”). The Annual Report may be accessed through SFL’s website, www.sflcorp.com, or directly in the link below. The Annual Report is also available on the website of the Commission at www.sec.gov.

Shareholders may also receive a hard copy of the Annual Report, which includes the Company’s complete 2020 audited financial statements, free of charge, by submitting the contact form requesting the report at www.sflcorp.com.

March 22, 2021

The Board of Directors
SFL Corporation Ltd.
Hamilton, Bermuda

Questions can be directed to SFL Management AS:

Investor and Analyst Contacts:
Aksel Olesen, Chief Financial Officer, SFL Management AS
+47 23 11 40 36
André Reppen, Senior Vice President & Chief Treasurer, SFL Management AS
+47 23 11 40 55

Media Contact:
Ole B. Hjertaker, Chief Executive Officer, SFL Management AS
+47 23 11 40 11

About SFL

SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company’s fleet of more than 80 vessels is split between tankers, bulkers, container vessels and offshore drilling rigs. SFL’s long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time. More information can be found on the Company’s website www.sflcorp.com.

Forward Looking Statements

This press release contains forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although SFL believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, SFL cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.

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, fluctuations in currencies and interest rates, general market conditions including fluctuations in charter hire rates and vessel values, changes in demand in the markets in which the Company operates, changes in demand resulting from changes in the Organization of the Petroleum Exporting Countries’ petroleum production levels and worldwide oil consumption and storage, developments regarding the technologies relating to oil exploration, changes in market demand in countries which import commodities and finished goods and changes in the amount and location of the production of those commodities and finished goods, increased inspection procedures and more restrictive import and export controls, changes in the Company’s operating expenses, including bunker prices, dry-docking and insurance costs, performance of its charterers and other counterparties with whom the Company deals, the impact of any restructuring of the counterparties with whom the Company deals, including the restructuring of Seadrill Limited, timely delivery of vessels under construction within the contracted price, 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 any changes to energy and environmental policies and changes attendant to trade conflicts, potential disruption of shipping routes due to accidents or political events, the length and severity of the ongoing coronavirus outbreak and its impact on the demand for commercial seaborne transportation and the condition of the financial markets and other important factors described from time to time in the reports filed by

FAQ

What does SFL Corporation's annual report for 2020 contain?

The annual report includes the complete audited financial statements for the financial year ended December 31, 2020.

How can I access SFL Corporation's annual report?

You can access the annual report on SFL's website or directly through the SEC's website.

When was SFL Corporation's annual report filed?

The annual report was filed on March 22, 2021.

How many vessels does SFL Corporation operate?

SFL operates a fleet of more than 80 vessels, including tankers, bulkers, and container vessels.

Has SFL Corporation paid dividends consistently?

Yes, SFL has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004.