Seaspan Corporation

Seaspan Corporation

April 12, 2016 08:00 ET

Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, CHINA--(Marketwired - April 12, 2016) - Seaspan Corporation (NYSE:SSW) announced today that the Company's Board of Directors has declared cash dividends on its common and preferred shares as follows:

Security Ticker Dividend per Share Period Record Date Payment Date
Class A Common SSW $0.375 January 1, 2016 to
March 31, 2016
April 20, 2016 May 2, 2016
Series C Preferred SSW PR C $0.59375 January 30, 2016 to
April 29, 2016
April 29, 2016 May 2, 2016
Series D Preferred SSW PR D $0.496875 January 30, 2016 to
April 29, 2016
April 29, 2016 May 2, 2016
Series E Preferred SSW PR E $0.515625 January 30, 2016 to
April 29, 2016
April 29, 2016 May 2, 2016

About Seaspan

Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services. Seaspan's managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 17 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017. Seaspan's current operating fleet of 86 vessels has an average age of approximately six years and average remaining lease period of approximately five years, on a TEU weighted basis.

Seaspan has the following securities listed on The New York Stock Exchange:

Symbol: Description:
SSW Class A common shares
SSW PR C Series C preferred shares
SSW PR D Series D preferred shares
SSW PR E Series E preferred shares
SSWN 6.375% senior unsecured notes due 2019

Contact Information

  • Seaspan Corporation - Investor Relations Inquiries:
    Mr. Michael Sieffert
    Associate Director, Corporate Finance
    Tel. 778-328-6490

    The IGB Group - Media Inquiries:
    Mr. Leon Berman
    Tel. 212-477-8438