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Safe Bulkers, Inc. Amends Exchange Offer for its Series B Preferred Shares





MONACO–(Marketwired – Mar 17, 2017) – Safe Bulkers, Inc. (“Safe Bulkers”, the “Company”, or “we”) (NYSE: SB) today announced an amendment to the previously announced exchange offer (the “Exchange Offer”) for any and all of its outstanding Series B Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share (the “Series B Preferred Shares”). The Exchange Offer is being modified to include a non-waivable condition to completion of the Exchange Offer that such completion will not result in the delisting of the Series B Preferred Shares from the NYSE and to clarify certain other conditions to the Exchange Offer set forth in the related Offer to Exchange.





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