Scorpio Tankers Inc. 7.00% Fixed Rate Senior Unsecured Notes Due 2025


If redeemed on or after 6/30/2022 and prior to 6/30/2023 the redemption is at 102% plus accrued interest. On or after 6/0/2023 and prior to 6/30/2024 the redemption is at 101% plus accrued interest. On and after 6/30/2024 redemption is at 100% plus accrued interest.






Global Ship Lease 8.00% Senior Unsecured Notes Due 2024




GasLog Partners LP 8.50% Series C Cumulative Redeemable Perpetual Fixed To Floating Rate Preference Units

Shares shall carry a coupon of 8.50% until 3/15/2024 at which time the coupon will float at the rate of 3 month libor plus a spread of 5.317%.

Investors in this security will receive a 1099 NOT a K-1 as GasLog Partners has chosen to be taxed as a C-Corp.





International Seaways 8.50% Senior Notes due 2023





Tsakos Energy Navigation 9.25% Series E Fixed to Floating RateCumulative Redeemable Perpetual Preferred Shares

Coupon will be fixed at 9.25% until 5/28/2027 after which the rate will float at 3 month Libor plus a spread of 6.881%.

Investors will receive a 1099 at tax time as Tsakos Energy Navigation has chosen to be taxed as a c-corp





Atlas Corp 8% Series I Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares

Reorganized 2/27/2020 with a name change from Seapan to Atlas

Coupon is fixed until 10/30/2023 after which point it floats at a rate of 3 month Libor plus 5.008%




Seaspan Corporation 7.125% Notes due 2027

Reorganized 2/27/2020 with a name change from Seapan to Atlas

Atlas announced plans to call these baby bonds on 10/10/2020–in the meantime they will be delisted.




Tsakos Energy Navigation LTD 9.50% Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock

The coupon is fixed at 9.50% until 7/30/2028 after which the coupon will float at a rate of 3 month Libor plus a spread of 6.54%.

Investors will receive a 1099 at tax time as Tsakos Energy Navigation has chosen to be taxed as a c-corp





GasLog Partners LP, 8.625% Series A Cumulative Redeemable Perpetual Fixed-to-Floating Rates Preference Units

Shares shall carry a coupon of 8.625% until 6/15/2027 at which time the coupon will float at the rate of 3 month libor plus a spread of 6.31%.

Investors in this security will receive a 1099 NOT a K-1 as GasLog Partners has chosen to be taxed as a C-Corp.





Teekay LNG Partners 8.50% Series B Fixed-to-Floating Cumulative Redeemable Perpetual Preferred Units

Coupon is fixed at 8.50% until 10/15/2027 after which it will float at a rate of 3 month Libor plus a spread of 6.241%.

A 1099 will be issued at tax time as Teekay LNG Partners has chosen to be taxed as a c-corp





Altera Infrastructure Partners 8.875% Series E Fixed-to-Floating Cumulative Redeemable Perpetual Preferred Units

Name has changed to Altera Infrastructure LP as of 3/24/2020. Ticker symbols changed at that time. Was previously Teekay Offshore. Altera is owned by Brookfield Business Partners (BBU)

Coupon will be fixed at the rate of 8.875% until 2/15/2025 at which point it will float at the rate of 3 month Libor plus a spread of 6.407%

Investors will receive a 1099 at tax time as Teekay Offshore Partners has chosen to be taxed as a c-corp





Costamare Inc. 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock




Golar LNG Partners LP 8.75% Series A Cumulative Redeemable Preferred Units

Golar LNG Partners is a MLP, but has chosen to be taxed as a C-corp. A 1099 will be issued at tax time.




 

Star Bulk Carriers Corp. 8.30% Senior Notes due 11/15/2022




Hoegh LNG Partners 8.75% Series A Cumulative Redeemable Preferred Units




Tsakos Energy Navigation Ltd, 8.875% Series C Cumulative Redeem Perp Preferred Shares

Issue has a failure to redeem clause effective 10/30/2020. If not redeemed by this time the coupon moves to 1.25 times 8.875% (11.1%)





Altera Infrastructure Partners LP, 8.50% Series B Cumulative Redeemable Preferred Units

Name has changed to Altera Infrastructure LP as of 3/24/2020. Ticker symbols changed at that time. Was previously Teekay Offshore. Altera is owned by Brookfield Business Partners (BBU)

Investors will receive a 1099 at tax time as Teekay Offshore Partners has chosen to be taxed as a c-corp




Altera Infrastructure Partners LP, 7.25% Series A Cumulative Redeemable Preferred Units

Name has changed to Altera Infrastructure LP as of 3/24/2020. Ticker symbols changed at that time. Was previously Teekay Offshore. Altera is owned by Brookfield Business Partners (BBU)

Investors will receive a 1099 at tax time as Teekay Offshore Partners has chosen to be taxed as a c-corp




Teekay LNG Partners, L.P., 9.00% Series A Cumulative Redeem Perpetual Preferred Units

A 1099 will be issued at tax time as Teekay LNG Partners has chosen to be taxed as a c-corp





Atlas Corp., 8.25% Series E Cumulative Redeemable Perpetual Preferred Shares

Reorganized 2/27/2020 with a name change from Seapan to Atlas




Atlas Corp., 8.20% Series G Cumulative Redeemable Perpetual Preferred Shares

Reorganized 2/27/2020 with a name change from Seapan to Atlas




Atlas Corp., 7.95% Series D Cumulative Redeemable Perpetual Preferred Shares

Reorganized 2/27/2020 with a name change from Seapan to Atlas