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
We are offering 5,400,000 of our Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares, par value $1.00 per share, liquidation preference $25.00 per share (the “Series F Preferred Shares”).
Dividends on the Series F Preferred Shares are cumulative from the date of original issue and will be payable quarterly in arrears on the 30th day of January, April, July and October of each year, commencing October 30, 2018, when, as and if declared by our board of directors. Dividends will be payable from cash available for dividends (i) from and including the original issue date to, but excluding, July 30, 2028 at a fixed rate equal to 9.50% per annum of the stated liquidation preference and (ii) from and including July 30, 2028, at a floating rate equal to three-month LIBOR plus a spread of 6.54% per annum of the stated liquidation preference.
At any time on or after July 30, 2028, the Series F Preferred Shares may be redeemed, in whole or in part, out of amounts available therefor, at a redemption price of $25.00 per share plus an amount equal to all accumulated and unpaid dividends thereon to the date of redemption, whether or not declared.
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
