Tsakos calls 8.75% cumulative redeemable perpetual preferreds

By Marisa Wong

Los Angeles, May 30 – Tsakos Energy Navigation Ltd. has called for redemption all 3,517,061 of its outstanding 8.75% series D cumulative redeemable perpetual preferred shares (Cusip: G9108L140, NYSE: TNPPrD)

The redemption will occur on July 7.

The series D preferreds will be redeemed for $25.00 per share, plus all accrued dividends to but excluding the redemption date in an amount equal to $0.243056 per share, for a total payment of $25.243056 per share, which will be payable in cash.

Computershare Trust Co., LLC is the redemption agent.

Tsakos is a diversified crude, product and LNG tanker operator based in Athens.

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