Seaspan Corp 8% Series I Fixed-to-Floating Rate Cumulatie Redeemable Perpetual Preferred Shares

By: ,

Date Issued  9/12/2018

Shares Issued  6,000,000   Overallotment Shares  0

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol   SSW-I     OTC Ticker  SSWPP

Market Traded ON   NYSE

Dividend Payment Paid on the 30th of January, April, July and October beginning on 10/30/2018

Quarterly Dividend   .50   Annual Dividend   2.00

Securities may be redeemed, at the issuers option, as early as 10/30/2023 for a redemption price of $25/share plus accrued dividends

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Dividend will be fixed at 8% until 10/30/2023 after which point it will float at a rate of 3 month Libor plus a spread of 5.008%

Dividend Payment Likely Will be a Qualified Distributions

Maturity Date   None

 

Click Here for the offering Prospectus and/or Final Pricing Document

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