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International Shipholding Corporation
ISH today announced that it
plans to offer shares of its Series A Cumulative Redeemable Perpetual
Preferred Stock (the “Series A Preferred Shares”) in an underwritten
registered public offering.
ISH intends to use the net proceeds from the offering for general corporate
purposes, including working capital and potential deployments of currently
inactive vessels. Following the offering, ISH intends to file an application
to list the Series A Preferred Shares on the New York Stock Exchange.
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