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

Ticker: SEAL-B

Parent Ticker: SEAL

OTC Grey Market Temporary Ticker: TKYYF

Issuance Date: 10/16/2017

1st Call Date: 10/15/2027

Maturity Date: None

Shares Issued: 6,000,000

Overallotment Shares: 900,000

Coupon: 8.50%

Face Value: $25.00

Cumulative: Yes

Qualified: Yes

Quarterly Dividend Amount: 0.52125

Payment Months: JAN, APR, JUL, OCT

Payment Day: 15

S&P Rating: NR

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

Moody Rating: NR

Fitch Rating: NR

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