Atlas to redeem series E, series G preferreds at par on July 1

Chicago, June 14 – Atlas Corp. will redeem all of its 8.25% series E cumulative redeemable perpetual preferred shares and all of its outstanding 8.2% series G cumulative redeemable perpetual preferred shares for cash on July 1, according to a press release.

The preferreds will be redeemed for $25 per share plus unpaid dividends to the redemption date.

The company will pay a total of $137 million for the series E preferreds and $198 million for the series G preferreds.

The registrar and paying agent for the redeemed shares is American Stock Transfer & Trust Co., LLC (718 921-8317).

Atlas is a Vancouver, B.C.-based global asset manager whose subsidiaries, Hong Kong-based Seaspan and APR Energy Ltd., operate in maritime and energy sectors.

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