Safe Bulkers 8% Series C Cumulative Redeemable Perpetual Preferred Stock

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Issued 5/1/2014

Shares Issued  2,000,000   Overallotment Shares 300,000

Market Traded ON   NYSESecurity Ticker Symbol   SB-C


Dividend Payment Paid on the 30th of January, April, July and October beginning on 7/30/2014

Quarterly Dividend   .50   Annual Dividend   2.00

Securities may be redeemed, at the issuers option, as early as 5/31/2019 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Be a Qualified Distributions.  Preferential tax treatment will be available on this issue.

It should be noted that this issue is a ‘perpetual’ issue which means there is a possibility that it will never be redeemed.


Company Investor Relations Page for Safe Bulkers

Below you can find the offering Prospectus and Final Pricing Document

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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