Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, April 1, 5:14 PM

This Slide: #455 of 609

Slide #455. 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. engages in the ownership of dry bulk vessels. Each of Co.'s vessels is owned through a separate wholly-owned subsidiary.

Preferred: DSX.PRB

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DSX — Key Stats (updated Friday, March 31, 10:22 AM)

Name:
Diana Shipping Inc
Website:
www.dianashippinginc.com
Sector:
Shipping
Number of ETFs Holding DSX:
1 (see which ones)
Total Market Value Held by ETFs:
$328,962
Total Market Capitalization:
$348,000,000
% of Market Cap. Held by ETFs:
0.09%