Brief: Eurodry Ltd Announces Partial Redemption Of Its Preferred Shares And Reduction Of Their Dividend Rate Until 2021

EuroDry

18/06/2019 13:07

June 18 (Reuters) - EuroDry Ltd  EDRY.O :
    * EURODRY LTD. ANNOUNCES PARTIAL REDEMPTION OF ITS PREFERRED
SHARES AND REDUCTION OF THEIR DIVIDEND RATE UNTIL 2021
    * EURODRY LTD - AGREED TO REDEEM APPROXIMATELY $4.3 MILLION
OF ITS
SERIES B PREFERRED SHARES
    * EURODRY LTD - HOLDERS OF REMAINING SERIES B PREFERRED
SHARES
AGREED TO REDUCE ANNUAL DIVIDEND OF SHARES TO 9.25% UNTIL
JANUARY 2021.

Source text for Eikon:  ID:nGNX2LSd9H 
Further company coverage:  EDRY.O 

 ((Reuters.Briefs@thomsonreuters.com;))