Diana Shipping Inc. Files For Follow-On Offering; Will Amend Registration Statement for Fee Calculationtitle
NEW YORK, Nov. 16 /PRNewswire-FirstCall/ -- Diana Shipping Inc.
(NYSE: DSX) today announced that it has filed a registration statement with
the Securities and Exchange Commission for a proposed follow-on offering of
common stock. Bear, Stearns & Co., Inc. will act as bookrunning manager.
The Company further announced that it will file today an amendment to the
registration statement solely for the purpose of amending the calculation of
the registration fee. Specifically, the amendment will reflect that the
estimated offering price, solely for the purpose of calculating the
registration fee, will be the closing price of the Companys common stock on
the New York Stock Exchange as of November 15, 2005, of $15.12 per share.
The registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of such jurisdiction.
When available, copies of the prospectus relating to the offering may be
obtained from the offices of Bear, Stearns & Co. Inc. at 383 Madison Avenue,
New York, New York 10179, Attention: Prospectus Department.
About Diana Shipping Inc.
Diana Shipping Inc. is a global provider of shipping transportation
services. The Company specializes in transporting dry bulk cargoes, including
such commodities as iron ore, coal, grain and other materials along worldwide
shipping routes. The Company currently owns nine modern Panamax and one
modern Capesize bulk carrier and has agreed to acquire three additional modern
Panamax dry bulk carriers. Diana Shipping Inc. priced its initial public
offering of common stock on March 17, 2005.
