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Tsakos Energy Navigation Ltd, 8.875% Series C Cumulative Redeem Perp Preferred Shares

Issue has a failure to redeem clause effective 10/30/2020. If not redeemed by this time the coupon moves to 1.25 times 8.875% (11.1%)

Redeemed 10/30/2020

Ticker: TNP-C

Parent Ticker: TNP

OTC Grey Market Temporary Ticker: NA

Issuance Date: 09/26/2013

1st Call Date: 10/30/2018

Maturity Date: None

Shares Issued: 2,000,000

Overallotment Shares: 0

Coupon: 8.875%

Face Value: $25.00

Cumulative: Yes

Qualified: Yes

Quarterly Dividend Amount: 0.555

Payment Months: JAN, APR, JUL, OCT

Payment Day: 30

S&P Rating: NR

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

Moody Rating: NR

Fitch Rating: NR