Tsakos Energy Navigation 9.50% Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares

Date Issued   6/20/2018

Shares Issued  5,400,000    Overallotment Shares  810,000

S&P Rating   NR    Moodys Rating   NR

Security Ticker Symbol   TNP-F    OTC Grey Market  TSSKF

Market Traded ON   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

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

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