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Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, CHINA, Jan. 12, 2016 /CNW/ - Seaspan Corporation (NYSE:SSW) announced today that the Company's Board of Directors has declared cash dividends on its common and preferred shares as follows:

Security   Ticker   Dividend per Share   Period   Record Date   Payment Date
Class A Common   SSW   $0.375   October 1, 2015 to 
December 31, 2015
  January 20, 2016   February 1, 2016
Series C Preferred   SSW PR C   $0.59375   October 30, 2015 to 
January 29, 2016
  January 29, 2016   February 1, 2016
Series D Preferred   SSW PR D   $0.496875   October 30, 2015 to 
January 29, 2016
  January 29, 2016   February 1, 2016
Series E Preferred   SSW PR E   $0.515625   October 30, 2015 to 
January 29, 2016
  January 29, 2016   February 1, 2016
 

About Seaspan

Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services. Seaspan's managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 18 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017. Seaspan's current operating fleet of 85 vessels has an average age of approximately seven years and an average remaining lease period of approximately four years.

Seaspan has the following securities listed on The New York Stock Exchange:

Symbol: Description:
   
SSW Class A common shares
SSW PR C Series C preferred shares
SSW PR D Series D preferred shares
SSW PR E Series E preferred shares
SSWN 6.375% senior unsecured notes due 2019
 
For further information: Seaspan Corporation - Investor Relations Inquiries: Mr. Michael Sieffert, Associate Director, Corporate Finance, 778-328-6490 / The IGB Group - Media Inquiries: Mr. Leon Berman, 212-477-8438