Safe Bulkers 8% Series D Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Shares Issued 2,800,000 Overallotment Shares 420,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol SB-D OTC Temporary Ticker SBFKF
Market Traded ON NYSE
Dividend Payment Paid on the 30th of January, April, July and October beginning on 10/30/2014
Quarterly Dividend .50 Annual Dividend 2.00
Securities may be redeemed, at the issuers option, as early as 6/30/2019 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