It's still adjustable, they just want to give themselves flxibiliity. If the tanker market ever recovers they will increase it. Remember - the only reason TNK exists is to be a vehicle to provide divdends to its parent TK.
I think his point was it is no longer a trading vehicle and should settle into a tight range 4.5% yield Im guessing. I wasn't looking for any div so maybe they are seeing a little better CU later in the year. Their new video on the website indicates that but recent rates look pretty hideous