Seaspan Corp (NYSE:SSW)

HONG KONG, CHINA--(Marketwired - April 16, 2013) - Seaspan Corporation (NYSE:SSW) announced today that the Company's Board of Directors has declared cash dividends of $0.59375 per share on its Series C preferred shares (NYSE:SSW PR C) and $0.496875 per share on its Series D preferred shares (NYSE:SSW PR D) for the period from January 30, 2013 to April 29, 2013. The dividends will be paid on April 30, 2013 to all Series C and Series D preferred shareholders of record as of April 29, 2013.

Fourth Quarter 2012 Results

• Net Revenue was $169.8 million vs last years quarter of 156.1 million an increase of 8.8% year of year.
• Net Earnings was 58,983 vs. last years  23,517 a 150.8% increase 
• Normalized earnings per share, converted⁽¹⁾ (Series A preferred shares converted at $15) $0.27 vs $0.31

Gerry Wang, Chief Executive Officer, Co-Chairman, and Co-Founder of Seaspan, commented, "We are satisfied with the operational and financial results that we achieved during the year of 2012. We are also pleased with the steps we took to further strengthen our balance sheet and capital structure, positioning the Company to take advantage of an attractive acquisition environment. We commenced the year 2013 by entering into two important transactions with MOL and Yang Ming for their large ship requirements. We remain well positioned to continue to execute our disciplined growth strategy."

Mr. Wang continued, "The 25% increase in our dividend for the first quarter of 2013 reflects our financial strength and our confidence in our future. We have increased our quarterly common dividend by 213% sinceMarch 31, 2010."

HONG KONG, CHINA--(Marketwire - Feb. 7, 2013) - Seaspan Corporation (NYSE:SSW) announced today that the Company's Board of Directors has declared a quarterly dividend of $0.25 per common share for the three months ended December 31, 2012. The dividend will be paid on February 27, 2013 to all shareholders of record as of February 19, 2013

HONG KONG, CHINA--(Marketwire - Jan. 23, 2013) - Seaspan Corporation (NYSE:SSW) announced today that it has signed contracts for the construction of four 10,000 TEU class newbuilding containerships at Jiangsu New Yangzi Shipbuilding Co., Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. The vessels are scheduled for delivery in 2014 and will be constructed using Seaspan's fuel efficient SAVER design. Concurrently with executing the newbuilding contracts, Seaspan signed long term, fixed-rate time charters for these vessels with Mitsui O.S.K. Lines, Ltd. ("MOL"). In connection with this transaction, Seaspan has also agreed to purchase from MOL four 2003-built 4,600 TEU class second hand vessels, for delivery in the second half of 2013 and first quarter of 2014, and has signed short-term fixed-rate time charters for these vessels with MOL.

These four 10,000 TEU class newbuilding containerships and four 4,600 TEU class second hand containerships remain subject to allocation in relation to the right of first refusal agreement with Greater China Intermodal Investments LLC, an investment vehicle established by Seaspan, an affiliate of global alternative asset manager The Carlyle Group, and Blue Water Commerce LLC. Seaspan intends to fund construction of its portion of these eight containerships initially with a portion of the proceeds of its previous Series C and D preferred share offerings and, subsequently over the next few quarters, with debt financing. Seaspan is considering various sources of debt financing to which it has access.

HONG KONG, CHINA--(Marketwire - Jan. 15, 2013) - Seaspan Corporation (NYSE:SSW) announced today that the Company's Board of Directors has declared a cash dividend of $0.59375 per share on its Series C preferred shares (NYSE:SSW.PR.C) for the period from October 30, 2012 to January 29, 2013, and a cash dividend of $0.25948 per share on its Series D preferred shares (NYSE:SSW.PR.D) for the period from December 13, 2012 to January 29, 2013. The dividends will be paid on January 30, 2013 to all Series C and Series D preferred shareholders of record as of January 29, 2013.

HONG KONG, CHINA, December 14, 2012 – Seaspan Corporation (“Seaspan”) (NYSE: SSW) announced today that in connection with its previously announced public offering of its Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Shares”), the underwriters have exercised in full their option to purchase an additional 405,000 Series D Preferred Shares. The sale of the additional 405,000 Series D Preferred Shares closed today. Seaspan has sold a total of 3,105,000 Series D Preferred Shares for total gross proceeds of approximately $77.6 million.

Seaspan intends to use the net proceeds from the offering for general corporate purposes, which may include making vessel acquisitions or investments. Seaspan has filed an application to list the Series D Preferred Shares on the New York Stock Exchange.

HONG KONG, CHINA--(Marketwire - Dec. 5, 2012) - Seaspan Corporation ("Seaspan") (NYSE:SSW) today announced that it plans to offer shares of its Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Shares") in a registered public offering.

Seaspan intends to use the net proceeds from the offering for general corporate purposes, which may include making vessel acquisitions or investments. Following the offering, Seaspan intends to file an application to list the Series D Preferred Shares on the New York Stock Exchange.

Jefferies & Company, Inc., Incapital LLC and Credit Suisse Securities (USA) LLC will act as joint book-running managers and Incapital LLC is the sole structuring agent for the offering.

HONG KONG, CHINA--(Marketwire - July 17, 2012) - Seaspan Corporation (NYSE:SSW) announced today that the Company's Board of Directors has declared a quarterly dividend of $0.59375 per share on its 9.5% Series C preferred shares for the period from April 30, 2012 to July 29, 2012. The dividend will be paid on July 30, 2012 to all 9.5% Series C preferred shareholders of record as of July 27, 2012.

First Quarter 2012 Results

• Revenues increased to $152 million in the first quarter 2012 from $120 million in prior year period
• Non gaap diluted EPS for first quarter 2012 were $0.30 vs $0.24 in prior year period

Gerry Wang, Chief Executive Officer, Co-Chairman, and Co-Founder of Seaspan, commented, "During the first quarter, Seaspan continued to generate strong, stable operational and financial results for shareholders. We also took delivery of two newbuildings during the quarter, increasing our fleet to 67 vessels. Consistent with our strategy, both vessels commenced operations under long-term time charters with a leading liner company."

Mr. Wang added, "Based on our favourable results, our board has declared a $0.25 per share dividend on our Class A common stock for the first quarter, representing a 33% increase. We remain committed to drawing upon our strong and flexible capital structure to further grow our high-quality fleet in a disciplined manner. In achieving this important goal, we intend to continue to emphasize our SAVER vessel design, which we believe provides customers with improved efficiency and operational savings."

Dividends Declared

For the quarter ended March 31, 2012, Seaspan declared a quarterly dividend of $0.25 per Class A common share, representing a total distribution of $15.7 million. The dividend will be paid on June 8, 2012 to all shareholders of record as of May 29, 2012. Because Seaspan adopted a dividend reinvestment plan, or DRIP, the actual amount of cash dividend paid may be less than $15.7 million based on shareholder participation in the DRIP.

HONG KONG, CHINA--(Marketwire - Jan. 12, 2012) - Seaspan Corporation (NYSE:SSW) ("Seaspan") today announced the preliminary results of its tender offer for the purchase of up to 10,000,000 of its Class A common shares at a price of $15.00 per share, which expired at 12:00 midnight, New York City time, on Wednesday, January 11, 2012.

Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, a total of 21,290,859 shares of Seaspan's Class A common shares were properly tendered and not properly withdrawn, including 1,381,415 shares that were tendered through notice of guaranteed delivery.

In accordance with the terms and conditions of the tender offer, and based on the preliminary count by the depositary, Seaspan expects to accept for purchase 11,300,000 shares of its Class A common shares at a purchase price of $15.00 per share, for an aggregate cost of approximately $169.5 million, excluding fees and expenses relating to the tender offer. The total number of shares expected to be purchased in the tender offer includes an additional 1,300,000 shares purchased pursuant to Seaspan's right to increase the number of shares purchased by no more than 2 percent of its outstanding shares, without amending or extending the tender offer.

The 11,300,000 shares expected to be purchased in the tender offer represent approximately 16 percent of Seaspan's currently issued and outstanding shares of common stock. Based on these preliminary numbers, Seaspan anticipates that, following settlement of the tender offer, it will have approximately 58,367,460 common shares outstanding.