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Strong Buy (4.00 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, April 18, 5:37 PM
Slide #455. Safe Bulkers, Inc. — Preferred Stock Offering
| Company: |
Safe Bulkers, Inc. (NYSE:SB) |
| Date announced: |
4/30/2014 |
| Shares Offered: |
2,000,000 |
| Date of Pricing: |
4/30/2014 |
| Price Per Share: |
$25 |
| Preferred Stock Offering Details: |
Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it plans to offer its Series C Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share (the "Series C Preferred Shares") to the public (the "Public Offering"). In connection with the Public Offering, the Company intends to grant the underwriters a 30-day option to purchase additional Series C Preferred Shares solely to cover over-allotments, if any. - updated 5/1 - Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today that its public offering (the "Public Offering") of 2,000,000 shares of its 8% Series C Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share (the "Series C Preferred Shares") was priced at $25 per share. The gross proceeds from the Public Offering before the underwriting discount and other offering expenses are expected to be approximately $50 million. The offering is expected to close on or about May 7, 2014, subject to customary closing conditions. |
Safe Bulkers is a holding company. Through its subsidiaries, Co. is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for its consumers of marine drybulk transportation services. Preferreds: SB.PRB, SB.PRC, SB.PRD
 Open the SB Page at Preferred Stock Channel »
| Name: |
Safe Bulkers Inc |
| Website: |
www.safebulkers.com |
| Sector: |
Shipping |
| Number of ETFs Holding SB: |
12 (see which ones) |
| Total Market Value Held by ETFs: |
$14,873,401 |
| Total Market Capitalization: |
$483,000,000 |
| % of Market Cap. Held by ETFs: |
3.08% |
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