Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, CHINA, July 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

April 1, 2016 to June 30, 2016

July 20, 2016

August 1, 2016

Series D Preferred

SSW PR D

$0.496875

April 30, 2016 to July 29, 2016

July 29, 2016

August 1, 2016

Series E Preferred

SSW PR E

$0.515625

April 30, 2016 to July 29, 2016

July 29, 2016

August 1, 2016

Series G Preferred

SSW PR G

$0.250556

June 16, 2016 to July 29, 2016

July 29, 2016

August 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 14 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017.  Seaspan's current operating fleet of 89 vessels has an average age of approximately six years and average remaining lease period of approximately five years, on a TEU weighted basis.

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

Symbol:

Description:



SSW

Class A common shares

SSW PR D

Series D preferred shares

SSW PR E

Series E preferred shares

SSW PR G

Series G preferred shares

SSWN

6.375% senior unsecured notes due 2019

For Investor Relations Inquiries:

Mr. David Spivak
Chief Financial Officer
Seaspan Corporation
Tel. 604-638-2580

Mr. Michael Sieffert
Associate Director, Corporate Finance
Seaspan Corporation
Tel. 778-328-6490

Mr. Leon Berman
The IGB Group
Tel. 212-477-8438

SOURCE Seaspan Corporation

RELATED LINKS
http://www.seaspancorp.com/

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