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

By: ,

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

Click Here for the prospectus for this offering


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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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