Sun Sep 15 17:12:08 UTC 2024: ## IMPERIAL PETROLEUM INC. Announces Dividend Payment on Preferred Stock

**ATHENS, GREECE – September 15, 2024** – IMPERIAL PETROLEUM INC. (Nasdaq: IMPP), a ship-owning company specializing in petroleum products, crude oil, and drybulk seaborne transportation, has declared a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (Series A Preferred Shares).

The dividend will be paid on September 30, 2024, to shareholders of record as of September 25, 2024. This dividend payment covers the period from the last dividend payment date of June 30, 2024, to September 29, 2024.

There are currently 795,878 Series A Preferred Shares outstanding. The shares are traded on the Nasdaq Capital Market under the ticker symbol IMPPP.

IMPERIAL PETROLEUM INC. operates a fleet of twelve vessels, including six M.R. product tankers, two suezmax tankers, and three handysize drybulk carriers, with a combined capacity of 711,000 deadweight tons (dwt). The company is also expecting delivery of an additional M.R. product tanker with a 40,000 dwt capacity in the fourth quarter of 2024.

The company’s common stock and Series A Preferred Stock are listed on the Nasdaq Capital Market under the symbols IMPP and IMPPP, respectively.

**Forward-Looking Statements:**

This press release may contain forward-looking statements. These statements are based on current expectations and assumptions, which are subject to significant risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. These risks and uncertainties are further detailed in reports filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange Commission.

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