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.
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 5.317%
Rate will be fixed at 8.75% until 11/22/2023 at which point it will float at a rate 3 month Libor plus a spread of 5.593%
Distributions for this security are qualified for tax purposes as Dynagas has chosen to be taxed as a C-Corp.
Coupon is fixed at 6.25% until 6/30/2025 after which it floats at a rate of 3 month Libor plus a spread of 3.85%
Only redeemable on a dividend payment date
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
Coupopn is fixed at 5.75% until 6/15/2026 after which it is reset quarterly at 3 month Libor plus a fixed spread of 4.04%
So long as no event of default with respect to the Debentures has occurred and is continuing, we may, on one or more occasions, in our sole discretion, defer interest payments on the Debentures for one or more interest periods (each, a “deferral period”) of up to five consecutive years without giving rise to an event of default under the terms of the Debentures. A deferral of interest payments cannot extend, however, beyond the maturity date or the earlier acceleration or redemption of the Debentures. During a deferral period, interest will continue to accrue on the Debentures, and deferred interest payments will accrue additional interest at the then applicable interest rate on the Debentures, compounded quarterly as of each interest payment date to the extent permitted by applicable law. No interest otherwise due during a deferral period will be due and payable on the Debentures until the end of such deferral period except upon an acceleration or redemption of the Debentures during such deferral period.
Coupon is fixed at 9% until 7/2022 after which it floats at a rate of 3 month Libor plus a spread of 7.213%
6/3/2021 dividends are suspended
Coupon is fixed at 6.375% until 6/17/2027 after which it floats at the rate of 3 month Libor plus a spread of 3.821%.
Coupon will be fixed at 5.85% until 1/14/2027 at which time the coupon will float at 3 month Libor plus a spread of 3.491%.
Only redeemable on a dividend payment date.
The dividend payment floats at a rate of the higher of 7% OR 3 month Libor plus a spread of 4.698% until 5/15/2025 at which point the dividend will be 9%.
The coupon will be 6% until 9/30/2021 after which it will float at a rate of 3 month Libor plus a spread of 4.85%
