Tsakos Energy Navigation Ltd, 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares

This preferred stock issue while technically perpetual contains a failure to redeem clause. If not redeemed by 7/30/2019 shares will pay 1.25 times the 8% coupon (10%) and shall increase at the same rate annually until redeemed to a maximum of 30%.
Shares have been called for redemption on 7/30/2019
Checkbox IconRedeemed 07/30/2019
TNP-B
TNP
NA
05/02/2013
07/30/2018
None
2,000,000
300,000
8.00%
$25.00
Yes
Yes
0.500
JAN, APR, JUL, OCT
26
JAN, APR, JUL, OCT
30
NR
C
NR