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Stock impact report

Safe Bulkers Announces Completion of Redemption of Series B Preferred Shares

Safe Bulkers, Inc ($0.001 par value) (SB) 
Last safe bulkers, inc ($0.001 par value) earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: safebulkers.com/invest_stock.htm
Company Research Source: GlobeNewswire
MONACO, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE:SB), an international provider of marine drybulk transportation services, announced today the completion of its previously announced redemption (the “Redemption”) of all outstanding 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share (the “Series B Preferred Shares”). The Series B Preferred Shares were redeemed at a redemption price of $25.00 per share, plus all accumulated and unpaid dividends to, but excluding the date of redemption (the “Redemption Price”). As a result of the completion of the Redemption, Series B Preferred Shares are no longer deemed outstanding, all rights of the holders of such Series B Preferred Shares have terminated except for the right to receive the Redemption Price, without interest thereon and all distributions on the Series B Preferred Shares have ceased to accumulate.  Furthermore, the Seri Show less Read more
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