Safe Bulkers to redeem some 8% series C perpetual preferreds on April 29

By Rebecca Melvin

Concord, N.H., March 30 – Safe Bulkers, Inc. plans to redeem 1,492,554 outstanding 8% series C cumulative redeemable perpetual preferred shares on April 29, according to a company press release.

There are currently 2,297,504 issued and outstanding series C preferred shares.

The preferred shares will be redeemed at their liquidation preference of $25.00 each plus accumulated dividends to, but excluding, the redemption date.

American Stock Transfer & Trust Co., LLC is the paying agent.

Safe Bulkers, Inc. provides marine drybulk transportation services. The company is based in Monaco.

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