Tsakos to redeem its $50 million of 8% series B preferred shares

By Wendy Van Sickle

Columbus, Ohio, June 28 – Tsakos Energy Navigation Ltd. called all 2 million of its 8% series B cumulative redeemable perpetual preferred shares for redemption, according to a press release.

The preferreds will be redeemable at par of $25.00 on July 30. Payment of the final dividend of $0.50 per preference share will also be made on that date.

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

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