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.
9/10/2020. Seaspan division of Atlas Corp announced they WOULD NOT redeem this issue at this time. As far as we know these remain delisted.
Relisted in 12/2020 under ticker SESCF
Parent ticker changed to TEN (from TNP) and Preferred ticker changed to TEN-F on 7/1/2024
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
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.
GasLog Partners merged with Gaslog LTD on 7/13/2023. Gaslog LTD is the surviving company, but Gaslog Partners preferreds remain outstanding. Gaslog LTD had previously done a ‘take private’ deal and thus is not publicly traded.
This issue will trade with SOFR + .2616% replacing LIBOR. So 3 month SOFR + .2616 will be added to a spread of 6.31%
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
Teekay LNG Partners was acquired by StonePeak and rebranded SeaPeak on 1/13/2022. There is no publicly traded parent – ticker below is for sorting purposes only
Altera Infrastructure filed Chapter 11 on 8/15/2022
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
Dividends Suspended 7/29/2021
Shares shall carry a coupon of 8.20% until 3/15/2023 at which time the coupon will float at the rate of 3 month libor plus a spread of 5.839%.
Investors in this security will receive a 1099 NOT a K-1 as GasLog Partners has chosen to be taxed as a C-Corp.
GasLog Partners merged with Gaslog LTD on 7/13/2023. Gaslog LTD is the surviving company, but Gaslog Partners preferreds remain outstanding. Gaslog LTD had previously done a ‘take private’ deal and thus is not publicly traded.
This issue will trade with 3 month SOFR + .2616% replacing LIBOR. So 3 month SOFR + .2616 will be added to a spread of 5.839%
Golar LNG Partners is a MLP, but has chosen to be taxed as a C-corp. A 1099 will be issued at tax time.
On 4/15/2021 Golar was acquired by New Fortress Energy (NFE) and these shares have been delisted–although they remain outstanding
Shares are now trading on the OTC Pink Sheets under Ticker GMLPF
While a partnership Hoegh is taxed as a c corp and this the dividend is qualified
Hoegh LNG Partners has been merged with Hoegh LNG Holdings Limited effect 9/23/2022
This preferred stock issue is to be delisted effective 1/2/2023 – press release is here https://hoeghlngpartners.com/press-releases/press-release-details/2022/Hegh-LNG-Partners-LP-to-Voluntarily-Delist-its-8.75-Series-A-Cumulative-Redeemable-Preferred-Units/default.aspx