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Top Ships redeems 1 million series F preferreds for $12 million
By Wendy Van Sickle
Columbus, Ohio, Jan. 13 – Top Ships Inc. redeemed 1 million of its series F perpetual preferred shares, representing about 17% of the preferreds outstanding prior to the redemption, for a total amount of roughly $12 million in cash on Friday, according to a 6-K filing with the Securities and Exchange Commission.
Following completion of the redemption, 4,850,748 of the series F preferreds remain issued and outstanding.
The owner and operator of tanker vessels is based in Marousi, Greece.
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