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Safe Bulkers 8% Cumulative Redeemable Perpetual Preferred Stock

By: ,

 

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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