Tsakos Energy Navigation 9.50% Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares
By: Tim McPartland,
Date Issued  6/20/2018
Shares Issued 5,400,000   Overallotment Shares 810,000
S&P Rating  NR   Moodys Rating  NR
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Security Ticker Symbol  TNP-F  OTC Grey Market TSSKF
Market Traded ONÂ Â Â NYSE
Dividend Payment Paid on the 30th of January, April, July and October beginning on 10/30/2018
Quarterly Dividend  .5938 Annual Dividend  2.375
Securities may be redeemed, at the issuers option, as early as 07/30/2028  the call price is $25 plus accrued dividends
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Beginning 7/30/2028 the coupon will float at the rate of 3 month Libor plus a spread of 6.54%
Dividend Payment will be Qualified Distributions.
Maturity Date  None