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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 6:56 AM

Slide #260. Diana Shipping Inc. Preferred Stock Offering

Company: Diana Shipping Inc. (NYSE:DSX)
Date announced: 2/10/2014
Security type: 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares (NYSE:DSX.PRB)
Shares Offered: 2,400,000
Date of Pricing: 2/11/2014
Price Per Share: $25
Preferred Stock Offering Details: Diana Shipping Inc. (NYSE:DSX) (the "Company") today announced that it intends to offer shares of its newly designated Series B Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share (the "Series B Preferred Shares") in an underwritten public offering. The Company intends to grant the underwriters a 30-day option to purchase additional Series B Preferred Shares. The Company has applied to list the Series B Preferred Shares on the New York Stock Exchange under the symbol "DSXPRB." - updated 2/11 - Diana Shipping Inc. (NYSE:DSX) (the "Company") today announced that it priced its public offering of 2,400,000 shares of its 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share (the "Series B Preferred Shares") in an underwritten public offering at $25.00 per share. The gross proceeds from the offering before the underwriting discount and other offering expenses payable by the Company are expected to be $60.0 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 360,000 Series B Preferred Shares on the same terms and conditions to cover over-allotments, if any. The offering is expected to close on February 14, 2014.

Diana Shipping is a holding company. Through its subsidiaries, Co. is a global provider of shipping transportation services. Co. specializes in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. As of Feb. 17, 2017, Co.'s operating fleet consisted of 48 dry bulk carriers, of which 23 are Panamax, four are Kamsarmax, three are Post-Panamax, fourteen are Capesize and four are Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million dwt.

Preferred: DSX.PRB


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Name: Diana Shipping Inc
Website: dianashippinginc.com
Sector: Shipping
Number of ETFs Holding DSX: 2 (see which ones)
Total Market Value Held by ETFs: $1,343,159
Total Market Capitalization: $327,000,000
% of Market Cap. Held by ETFs: 0.41%

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