TEN Ltd. to Redeem all of its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares
Tsakos Energy Navigation Ltd Common Shares (TNP)
Last tsakos energy navigation ltd common shares earnings: 3/24 08:00 am
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US:NYSE Investor Relations:
tenn.gr
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Source: GlobeNewswire
ATHENS, Greece, June 28, 2019 (GLOBE NEWSWIRE) -- Tsakos Energy Navigation Ltd. (“TEN” or the “Company”) (NYSE: TNP), a leading diversified crude, product and LNG tanker operator, today announced that it has called for redemption all 2,000,000 of its outstanding 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares (NYSE: TNP-PB) (the “Series B Preferred Shares”). The redemption of the Series B Preferred Shares will occur on July 30, 2019 (the “Redemption Date”). The redemption price will be equal to $25.00 per share. All shares of Series B Preferred Shares are held in book-entry form through the Depository Trust Company (“DTC”). The Series B Preferred Shares will be redeemed in accordance with the applicable procedures of DTC. Payment to DTC for the shares of Series B Preferred Shares will be made by Computershare Trust Company, LLC, as redemption agent (the “Redemption Agent”). The address for the Redemption Agent is as follows: Computershare Inc.150 Royall StreetCa
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