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Stock impact report

Safe Bulkers Issues Notice 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, Jan. 19, 2018 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it is calling for 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”). There are currently 379,514 issued and outstanding Series B Preferred Shares. The Series B Preferred Shares will be redeemed on February 20, 2018 (the “Redemption Date”) at a redemption price of $25.00 per Series B Preferred Share plus all accumulated and unpaid dividends to, but excluding, the Redemption Date (the “Redemption Price”). From and after the Redemption Date, all distributions on the Series B Preferred Shares will cease to accumulate, such Series B Preferred Shares shall no longer be deemed outstanding, and all rights of the holders of such shares will terminate, e Show less Read more
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