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GSL-B Global Ship Lease Inc. ADRs of 8.75% Cumulative Preferred Series B

Dividends on the Series B Preferred Shares are cumulative from the date of original issue and will be payable quarterly in arrears on the 1st day of January, April, July and October of each year, when, as and if declared by our board of directors, at a rate equal to 8.75% per annum of the stated liquidation preference. At any time on or after August 20, 2019 or within 180 days after the occurrence of a fundamental change, the Series B Preferred Shares may be redeemed, in whole or in part, at a redemption price of $25.00 per Depositary Share plus an amount equal to all accumulated and unpaid dividends thereon to the date of redemption, whether or not declared.  This security was issued by Global Ship Lease Inc New Class A, whose common stock symbol is GSL.

$24.86  +0.19 (0.76%)
As of 03/24/2023 16:00:00 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Industrials
Industry:  Marine Shipping
Index country:  Marshall Islands
Country of incorporation:  
IPO date:  08/25/2014
Outstanding shares:  1,400,000
Average volume:  3,406
Market cap:   $35,301,000
Current dividend yield:  8.68%    calculation
Coupon rate:    8.750%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   08/20/2019
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:   SEC Edgar Online
Annual filings:      20-F

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