Seaspan Corp 8% Series I Fixed-to-Floating Rate Cumulatie Redeemable Perpetual Preferred Shares
By: Tim McPartland,
Date Issued 9/12/2018
Shares Issued 6,000,000 Overallotment Shares 0
S&P Rating NR Moodys Rating NR
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
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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