Castor Maritime Announces Full Redemption of Series E Preferred Shares for $60 Million
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Castor Maritime Inc. has announced the full redemption of its 8.75% Series E cumulative perpetual convertible preferred shares for $60 million. The redemption will occur on October 13, 2025, with a cash payment equal to the stated value plus an additional 0.523%, including accrued distributions. Following the redemption, the preferred shares will be cancelled. The transaction received approval from the boards of Castor Maritime and Toro Corp., based on recommendations from independent committees.
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