Tsakos Energy Navigation 9.25% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares

By: ,

Date Issued  3/29/2017

Shares Issued  4,000,000   Overallotment Shares   600,000

S&P Rating   NR   Moodys  NR


Security Ticker Symbol   TNP-E     OTC Temp Ticker  TNPEP

Market Traded ON   NYSE

Dividend Payment Paid on the 28th of February, May, August  and November beginning on 8/28/2017

Quarterly Dividend   .578   Annual Dividend   2.313

This fixed-to-floating rate issue has a fixed rate until 5/28/27 when the coupon moves to a floating rate that is based upon 3 month Libor plus 6.881% which is adjusted every 3 months.


Securities may be redeemed, at the issuers option, as early as 5/28/2027 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 Tsakos Energy Navigation

Click Here to find the offering Prospectus and Final Pricing Document

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