Global Ship Lease, Inc. (NYSE:GSL) Q4 2022 Earnings Call Transcript

Climent Molins : Yes, right. My question was, how do you plan to balance additional deleveraging or strengthening the balance sheet with shareholder returns?

Ian Webber : Well, if I may, it’s part of that nimble capital allocation. We’re always flexible. We always keep the various alternate uses of capital and review as we’ve demonstrated in the past, if we think it’s appropriate to return capital to shareholders by way of buybacks, then we will do so. But as we said in our prepared remarks, we also in this time of macroeconomic uncertainty and potential opportunity for growth as some asset values normalize. We want to have an eye to potential for growth and therefore, build some liquidity not only for those opportunities, but just for good practice, good balance sheet management and resilience, as George, I think, mentioned in the prepared remarks. So we would hope that we would continue to allocate a certain portion of capital to buybacks, but we can’t guarantee it depending upon what the alternate uses of capital may be from time to time. But we’ve demonstrated our willingness to do so over the past 18 months.

Operator: We have no further questions. I would like to turn the call back over to Ian Webber for closing remarks.

Ian Webber : Thank you very much. Thanks, everybody, for listening. Thank you for your questions and your support. We look forward to giving you a further update in three months’ time or so when we publish our first quarter 2023 earnings. Thank you.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.