PreferredStockChannel
Atlas Corp. | 7.95% Series D Cumulative Redeemable Perpetual Preferred Shares (SSW.PRD)

Prospectus excerpt:  We are offering 2,700,000 of our 7.95% Series D Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share (the ôSeries D Preferred Sharesö).

Dividends on the Series D Preferred Shares are cumulative from the date of original issue and will be payable quarterly in arrears on the 30th day of January, April, July and October of each year, when, as and if declared by our board of directors. The initial dividend on the Series D Preferred Shares offered hereby will be payable on January 30, 2013. Dividends will be payable out of amounts legally available therefor at an initial rate equal to 7.95% per annum of the stated liquidation preference.

At any time on or after January 30, 2018, the Series D Preferred Shares may be redeemed, in whole or in part, out of amounts legally available therefor, at a redemption price of $25.00 per share plus an amount equal to all accumulated and unpaid dividends thereon to the date of redemption, whether or not declared.

Full Prospectus PDF », SSW Page »

Series:D
Alternate symbology:SSW-D, SSW-PD, SSWprD
Redeemable?:Yes
Call Date:1/30/2018 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:2,700,000
Overallotment:405,000
Liquidation Preference:$25
Original Coupon:7.95%
Pay Period:Quarterly
Pay Dates:30-Jan, 30-Apr, 30-Jul, 30-Oct
CDx3 Compliance Rating: Learn SSW.PRD's Rating
Seaspan is an independent charter owner and manager of containerships, which it charters primarily pursuant to long-term, fixed-rate time charters with container liner companies.

Preferreds: SSW.PRC, SSW.PRD, SSW.PRE, SSW.PRG, SSW.PRH, SSW.PRI


Open the SSW Information Page »
Name: 
Atlas Corp.
Website: 
www.seaspancorp.com
Sector: 
Shipping

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