on in maritime shipping. I still have PSHG as my #1 choice. I believe that management is shareholder friendly otherwise I wouldn't like the stock.
Performance Shipping Inc. Announces The Final Results Of Its Offer To Exchange Up To 4,066,181 Common Shares For Shares Of Series B Convertible Cumulative Perpetual Preferred Stock
ATHENS, Greece, Feb. 04, 2022 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced today the final results of its previously announced offer to exchange up to 4,066,181 of its currently issued and outstanding common shares, par value $0.01 per share (the “Common Shares”), for newly issued shares of the Company’s Series B Convertible Cumulative Perpetual Preferred Stock, par value $0.01 and liquidation preference $25.00 (the “Series B Preferred Shares”) at a ratio of 0.28 Series B Preferred Shares for each Common Share (the “Exchange Offer”). The Exchange Offer expired at 5:00 p.m., New York City time, on Thursday, January 27, 2022, and the Company announced preliminary results of the Exchange Offer on January 28, 2022.
Based on the final count by Computershare Trust Company, N.A., the exchange agent for the Exchange Offer, a total of 2,834,612 Common Shares were validly tendered and accepted for exchange in the Exchange Offer, which will result in the issuance of 793,657 Series B Preferred Shares. Issuance of the Series B Preferred Shares for Common Shares will be made promptly.
If shareholders have any questions, please call the Company’s information agent, Georgeson LLC, by telephone, toll-free at (800) 676-0098.
About the Company
Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of Aframax tankers. The Company’s current fleet is employed on spot voyages, time charters, and through pool arrangements.
Recent PSHG News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/06/2024 08:15:21 PM
- Performance Shipping Inc. Secures Charter Contract with Trafigura for LR2 Aframax Tanker, M/T P. Aliki • GlobeNewswire Inc. • 06/06/2024 01:28:40 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/05/2024 08:15:11 PM
- Performance Shipping Inc. Secures Charter Contract With Aramco for About 24 Months at US$41,000 Per Day • GlobeNewswire Inc. • 06/05/2024 01:28:21 PM
- Performance Shipping Inc. Reports Solid Financial Results for the First Quarter Ended March 31, 2024 • GlobeNewswire Inc. • 05/30/2024 01:27:20 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/08/2024 08:15:20 PM
- Performance Shipping Inc. Signs Shipbuilding Contract for the Construction of a Newbuilding LR1 Tanker Vessel • GlobeNewswire Inc. • 05/07/2024 01:29:25 PM
- Performance Shipping Inc. Announces Filing of 2023 Annual Report on Form 20-F • GlobeNewswire Inc. • 03/28/2024 02:56:37 PM
- Performance Shipping Inc. Secures Five-Year Time Charter Contracts With Clearlake for Three Newbuilding Vessels at US$31,000 Per Vessel Per Day • GlobeNewswire Inc. • 03/12/2024 01:28:56 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/08/2024 09:15:31 PM
- Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023 • GlobeNewswire Inc. • 03/07/2024 02:28:15 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/06/2024 03:24:32 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/21/2023 09:35:49 PM
- Performance Shipping Inc. Secures Two Year Time Charter Contract With Oil Major at US$37,200 Per Day • GlobeNewswire Inc. • 12/21/2023 02:28:19 PM
- Form SC 14D9/A - Solicitation, recommendation statements: [Amend] • Edgar (US Regulatory) • 12/20/2023 09:35:42 PM
- Performance Shipping Inc. Signs Shipbuilding Contracts for the Construction of 2 Newbuilding LNG-Ready Scrubber Fitted Tier III LR2 Tankers • GlobeNewswire Inc. • 12/20/2023 02:28:00 PM
- Performance Shipping Inc. Announces Full Prepayment of Piraeus Bank S.A. Loans and Significant Reduction of Finance Costs • GlobeNewswire Inc. • 12/18/2023 02:27:35 PM
- Performance Shipping Inc. Announces Completion of Sale and Delivery of 2007 Built M/T P. Kikuma to New Owners • GlobeNewswire Inc. • 12/13/2023 02:28:16 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/11/2023 10:16:12 PM
- Performance Shipping Inc. Issues 2022 Sustainability Report • GlobeNewswire Inc. • 12/11/2023 02:20:31 PM
- Form SC TO-T/A - Tender offer statement by Third Party: [Amend] • Edgar (US Regulatory) • 12/05/2023 09:54:58 PM
- Form SC 14D9/A - Solicitation, recommendation statements: [Amend] • Edgar (US Regulatory) • 11/30/2023 03:48:38 PM
- Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023 • GlobeNewswire Inc. • 11/27/2023 02:28:39 PM
- Form SC TO-T/A - Tender offer statement by Third Party: [Amend] • Edgar (US Regulatory) • 11/15/2023 06:45:54 PM
- Form SC 14D9/A - Solicitation, recommendation statements: [Amend] • Edgar (US Regulatory) • 11/15/2023 11:40:25 AM
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