June 13, 2012
HAMILTON, BERMUDA–(Marketwire – June 13, 2012) – Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) announced today that it will present from approximately 4:00 p.m. to 4:30 p.m. (all times Eastern) at the Teekay 2012 Investor Day to be held on Monday, June 18, 2012 in the Vanderbilt Room at The Waldorf=Astoria, 301 Park Avenue, New York. The Vanderbilt Room is located on the lobby level at the Park Avenue entrance. Any investors interested in scheduling a one-on-one meeting with management should contact Emily Yee at 604-609-6437 or Emily.Yee@teekay.com.
Those attending in person are invited to arrive for lunch between 1:00 p.m. and 1:30 p.m., after which Bruce Chan, Teekay Tankers’ Chief Executive Officer, will present the Company’s strategy, market outlook and financial position. The approximate schedule for management presentations during the Teekay 2012 Investor Day event is as follows:
|Teekay Corporation||1:30 p.m. – 2:45 p.m.|
|Teekay Offshore Partners L.P.||3:00 p.m. – 3:30 p.m.|
|Teekay LNG Partners L.P.||3:30 p.m. – 4:00 p.m.|
|Teekay Tankers Ltd.||4:00 p.m. – 4:30 p.m.|
The presentation will be webcast live on Teekay Tankers’ website at www.teekaytankers.com. For those unable to attend in person or listen to the live event, an audio archive will be available at the same website following the live presentation.
About Teekay Tankers Ltd.
Teekay Tankers Ltd. currently owns a fleet of nine double-hull Aframax tankers and six double-hull Suezmax tankers, all of which an affiliate of Teekay Corporation (NYSE:TK) manages through a mix of short- or medium-term, fixed-rate time-charter contracts and spot tanker market trading. The Company also owns a VLCC newbuilding, through a 50 percent joint venture which is scheduled to deliver in April 2013. In addition, Teekay Tankers recently agreed to acquire a fleet of 13 crude oil and product tankers from Teekay Corporation, which is expected to be completed in June 2012. Teekay Tankers Ltd. was formed in December 2007 by Teekay Corporation as part of its strategy to expand its conventional oil tanker business. Since inception, Teekay Tankers has distributed on a quarterly basis all of its Cash Available for Distribution, less scheduled principal payments related to the Company’s debt facilities and reserves for estimated dry docking costs and other reserves established by its Board of Directors.
Teekay Tankers’ common stock trades on the New York Stock Exchange under the symbol “TNK”.