Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, Jan. 3, 2020 /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  
          October 1, 2019 to  
     January 20,      
     January 30,
          Common                                                  December 31, 2019                     2020                2020

           ---

             Series D      
       SSW PR D              $0.496875         October 30, 2019 to 
     January 29,      
     January 30,
        Preferred                                                                                       2020                2020
                                                                
          January 29, 2020

    ---

             Series E      
       SSW PR E              $0.515625         October 30, 2019 to 
     January 29,      
     January 30,
        Preferred                                                                                       2020                2020
                                                                
          January 29, 2020

    ---

             Series G      
       SSW PR G                $0.5125         October 30, 2019 to 
     January 29,     
      January 30,
        Preferred                                                                                       2020                2020
                                                                
          January 29, 2020

    ---

             Series H      
       SSW PR H              $0.492188         October 30, 2019 to 
     January 29,      
     January 30,
        Preferred                                                                                       2020                2020
                                                                
          January 29, 2020

    ---

             Series I      
       SSW PR I                  $0.50         October 30, 2019 to 
     January 29,      
     January 30,
        Preferred                                                                                       2020                2020
                                                                
          January 29, 2020

    ---

About Seaspan

Seaspan is a leading independent charter owner and operator of containerships with industry leading ship management services. We charter our vessels primarily pursuant to long-term, fixed-rate, time charters to the world's largest container shipping liners. Seaspan's fleet consists of 119 containerships, including two vessels the Company has agreed to purchase, which have not yet been delivered, representing total capacity of more than 975,000 TEU. Seaspan's current operating fleet of 117 vessels has an average age of approximately seven years and an average remaining lease period of approximately four years, on a TEU-weighted basis.

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

                 Symbol:              Description:

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       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



       SSW PR I         Series I Preferred Shares



       SSWA             7.125% Senior Unsecured Notes
                          due 2027



       SSW25            5.500% Senior Notes due 2025



       SSW26            5.500% Senior Notes due 2026

Investor Inquiries:

Mr. Bill Stormont
Investor Relations
Seaspan Corporation
Tel. +1-604-638-7240
Email: bstormont@seaspanltd.ca

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SOURCE Seaspan Corporation