Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, Oct. 10, 2017 /PRNewswire/ - 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              Period       Record Date      Payment Date
                                  Share
    ---                           -----

    Class A             SSW                 $0.125    July 1, 2017 to  October 20,       October 30,
    Common                                                                        2017               2017
                                                   September 30, 2017
    ---                                            ------------------

    Series D          SSW PR D           $0.496875   July 30, 2017 to  October 27,       October 30,
    Preferred                                                                     2017               2017
                                                    October 29, 2017
    ---                                             ----------------

    Series E          SSW PR E           $0.515625   July 30, 2017 to  October 27,       October 30,
    Preferred                                                                     2017               2017
                                                    October 29, 2017
    ---                                             ----------------

    Series G          SSW PR G             $0.5125   July 30, 2017 to  October 27,       October 30,
    Preferred                                                                     2017               2017
                                                    October 29, 2017
    ---                                             ----------------

    Series H          SSW PR H           $0.492188   July 30, 2017 to  October 27,       October 30,
    Preferred                                                                     2017               2017
                                                    October 29, 2017
    ---                                             ----------------

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. Excluding the two 4250 TEU class vessels which are being sold, Seaspan's managed fleet consists of 110 containerships representing a total capacity of approximately 900,000 TEU, including 6 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2018. Seaspan's current operating fleet of 88 vessels, excluding the two 4250 TEU classes vessels which are being sold, 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

    SSW PR H                   Series H 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
Director, Corporate Finance
Seaspan Corporation
Tel. 778-328-6490

For Media Inquiries:

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

SOURCE Seaspan Corporation