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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.

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

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.


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%




SeaPeak (FKA 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

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

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





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




GasLog Partners LP 8.20% Series B Cumulative Redeemable Perpetual Fixed-to-Floating Rate Preference Units

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 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.

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




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




Hoegh LNG Partners 8.75% Series A Cumulative Redeemable Preferred Units

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