OceanPal Initiates Tender Offer to Buy Back 7% Series D Preferred Shares at $1,400 Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2025
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Source: Newsfilter
- Tender Offer Launch: OceanPal has announced a tender offer to repurchase its 7.0% Series D Preferred Shares at $1,400 each, set to expire on January 8, 2026, aiming to leverage its strong cash position to enhance shareholder value.
- Preferred Share Details: The preferred shares involved have a liquidation preference of $1,000 per share and the offer is not conditioned on a minimum number of shares being tendered, reflecting the company's confidence in its current stock price and commitment to shareholders.
- Shareholder Communication: The company has retained Computershare Trust Company as the depositary for the tender offer and is utilizing Georgeson LLC to provide relevant information to shareholders, ensuring a smooth participation process in the buyback.
- Strategic Implications: Through this buyback, OceanPal not only aims to optimize its capital structure but also seeks to bolster market confidence in its future growth potential, further solidifying its competitive position in the shipping industry.
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About SVRN
Oceanpal Inc is a Marshall Islands-based provider of ocean-going transportation services. The Company is engaged in the ownership, operation, and chartering of dry bulk vessels. The Company's fleet consists of 3 dry bulk vessels, including one Capesize and two Panamax vessels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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OceanPal Appoints New Auditor CBIZ CPAs
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