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Non-Tech : Income Investing
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From: brehm2337/1/2014 7:34:41 AM
2 Recommendations  Read Replies (2) of 52052
 
Company: Navios Maritime Holdings Inc. (NYSE: NM)
Date announced: 6/30/2014
Security type: Series H Cumulative Redeemable Perpetual Preferred Stock ( NM.PRH)
Preferred Stock Offering Details: Navios Maritime Holdings Inc. ("Navios Holdings" or the "Company") (NYSE: NM) announced today the offering of American Depositary Shares, each of which represents 1/100th of the Company's Series H Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share, with a liquidation preference of $2,500.00 per share (equivalent to $25.00 per American Depositary Share), to the public. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase additional American Depositary Shares. The American Depositary Shares have been approved for listing on the New York Stock Exchange under the symbol "NMPrH," subject to official notice of issuance.
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