Seaspan Corporation 7.875% Series H, Cumulative, Redeemable Perpetual Preferred Stock

By: ,

Date Issued  8/6/2016

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Shares Issued  9,000,000   Overallotment Shares  1,350,000

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol   SSW-H     OTC Ticker  SSWNP

Market Traded ON   NYSE

Dividend Payment Paid on the 30th of January, April, July and October beginning on 10/30/2016

Quarterly Dividend   .492   Annual Dividend   1.969

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Securities may be redeemed, at the issuers option, as early as 08/11/2021 for a redemption price of $25/share plus accrued dividends

Dividend Payment Likely Will be a Qualified Distributions

Maturity Date   None

 

Company Investor Relations Page for Seaspan

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

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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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