Diana Shipping 8.875% cumulative redeemable preferreds to list on NYSE

By Stephanie N. Rotondo

Phoenix, Feb. 20 - Diana Shipping Inc.'s $60 million of 8.875% series B cumulative redeemable perpetual preferreds will list on the New York Stock Exchange on Friday, according to a market source.

The symbol will be "DSXPB."

The deal priced Feb. 10.

Morgan Stanley & Co. LLC, UBS Securities LLC and Deutsche Bank Securities Inc. led the original deal.

Proceeds will be used for general partnership purposes, which may include paying down debt or for acquiring new vessels.

Diana Shipping is an Athens, Greece-based provider of shipping transportation via dry bulk vessels.

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