Replies to post #17709 on Box Ships Inc (TEUFF)

[powerbattles]

TEUFF----THE SHOCKING TRUTH!!! DIVIDENDS DECLARED PER COMMON SHARE.

2011 - .45 per common share
2012 – $1.08 per common share
2013 - .52 per common share and series B and B1 preferred share $2.93
2014 – $2.25 series C preferred share

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10582408

TEUFF profitable every year except 2015 due to a one-time impairment loss.

[powerbattles]

LACKING OF DD CAN HURT YOU!!! 131 MILLION SECURED TERM LOAN FACILITY REPAYMENT INSTALMENTS UNDER THE LOAN AGREEMENT WILL BE DEFERRED TO THE MATURITY OF THE LOAN IN JUNE 2017

ATHENS, Greece, June 16, 2016 /PRNewswire/ -- Box Ships Inc. (OTCQX: TEUFF) (the "Company"), a global shipping company specializing in the transportation of containers, today announced the following updates on its debt agreements:

$100 Million – Syndicated Secured Term Loan Facility (the "Facility")

The Company has entered into an indicative term sheet, subject to due diligence and the signing of definitive documentation, with ABN AMRO Bank N.V., pursuant to which, the repayment instalments under the current loan agreement (the "Facility") will be deferred to the maturity of the loan in June 2017, subject to a cash sweep mechanism and certain other conditions. In addition, ABN AMRO Bank agreed to waive certain covenants under the Facility in their entirety while others will be amended up until the maturity of the Facility.

$31.65 Million – Secured Term Loan Facility

The Company has agreed to terms, subject to the signing of definitive documentation, with CREDIT SUISSE AG, pursuant to which, the repayment instalments shall be deferred up until the maturity of the loan in May 2017 and the covenants under the loan agreement shall be waived up until the maturity of the loan, subject to certain other conditions, one of which is connected to the expiration of the current employment of Box Emma, having a latest redelivery date of January 2017.

Mr. Michael Bodouroglou, Chairman, President, Chief Executive Officer and Interim Chief Financial Officer of the Company, commented: "We are very pleased to have agreed in principal with our lenders the deferment of the repayment instalments, as these terms illustrate the ongoing support of our lenders and will enable us to operate our vessels at lower fixed cost break-even rates. Provided that definitive agreements are executed and all conditions are fulfilled, the Company will not pay any instalments under all of its facilities until the first quarter of 2017."