Eurodry ltd. announces the redemption of its outstanding series b preferred shares

Athens, greece, dec. 13, 2021 (globe newswire) -- eurodry ltd. (nasdaq: edry, the “company” or “eurodry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it provided a notice of redemption to its series b preferred shares (“preferred shares”) holders for entire of the outstanding amount at par as per the provisions of the statement of designation of the preferred shares. the preferred shares carried a dividend of 8% per annum until january 2023 increasing to 14% per annum thereafter. the company will use own funds for the redemption which will take place on or about december 20, 2021.
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