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Safe Bulkers, 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares

Redeemed 02/20/2018

Ticker: SB-B

Parent Ticker: SB

OTC Grey Market Temporary Ticker: NA

Issuance Date: 06/06/2013

1st Call Date: 07/30/2016

Maturity Date: None

Shares Issued: 0

Overallotment Shares: 0

Coupon: 8.00%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.500

Ex-Dividend Months:

Approx. Ex-Dividend Day: Last Day

Payment Months: JAN, APR, JUL, OCT

Payment Day: 31

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): D

Moody Rating: NR

Fitch Rating: NR