There is significant interest inVLCCF by institutional investors. The 4.42% of outstanding shares they control represents a greater percentage of ownership than at any other company in the Marine Shipping industry. Additionally, during the quarter ended March 2013, these large investors purchased a net $638.0 thousand shares.
| Mutual fund holders | 8.63% |
| Other institutional | -4.20% |
| Individual stakeholders | -- |