Safe Bulkers 8% Cumulative Redeemable Perpetual Preferred Stock
By: Tim McPartland,
S&P Rating NR Moodys Rating NR
Security Ticker Symbol SB-B
Market Traded ON NYSE
Dividend Payment Paid on the 30th of January, April, July and October beginning on 07/30/2013
Quarterly Dividend .500 Annual Dividend 2.000
Securities may be redeemed, at the issuers option, as early as 07/30/2016 for a redemption price of $25/share plus accrued dividends
Dividend Payment Likely Will be a Qualified Distributions
Maturity Date None
IMPORTANT NOTE–this issue has a ‘failure to redeem’ penalty which is triggered if not redeemed by 7/30/2018. The interest rate rises to 1.25 times the normal rate (in this case to 10% initially).
Company Investor Relations Page for Safe Bulkers
Below you can find the offering Prospectus and Final Pricing Document
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