Tsakos to redeem 2 million of 8.875% series C preferred shares

By Taylor Fox

New York, Sept. 30 – Tsakos Energy Navigation Ltd. called all 2 million of its 8.875% series C cumulative redeemable perpetual preferred shares for redemption, according to a press release.

The preferreds will be redeemable at par of $25.00 on Oct. 30. Payment of the final dividend of $0.5547 per preference share will also be made on that date.

Tsakos Energy is an Athens-based oil and petroleum products shipping company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.