Castor Maritime Announces Full Redemption of Series E Preferred Shares for $60 Million
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.
Castor Maritime Inc. has announced the full redemption of its 8.75% Series E cumulative perpetual convertible preferred shares. The company will redeem all outstanding Series E Preferred Shares on October 13, 2025, for a cash payment equal to the stated value of the shares plus an additional 0.523%, including accrued and unpaid distributions. After the redemption, these preferred shares will be cancelled and no longer outstanding. The transaction was approved by the boards of both Castor Maritime and Toro Corp., the purchaser, following recommendations from independent special committees. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Castor Maritime Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-038160), on October 15, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
