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DIANA CONTAINERSHIPS INVESTOR ALERT: Faruqi & Faruqi, LLP Reminds Investors Who Suffered Losses Exceeding $50,000 in Diana Containerships, Inc. to Contact the Firm

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Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Diana Containerships, Inc. ("Diana" or the "Company")
(NASDAQ:DCIX) of the December 22, 2017 deadline to seek the role of lead
plaintiff in a federal securities class action that has been filed
against the Company.

If you invested in Diana stock or options between January 26, 2017
and October 3, 2017
and would like to discuss your legal rights, click
here
: www.faruqilaw.com/DCIX.
There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at
877-247-4292
or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Eastern
District of New York on behalf of all those who purchased Diana common
stock between January 26, 2017 and October 3, 2017 (the "Class Period").
The case, Robinson v. Diana Containerships Inc. et al, No.
2:17-cv-06160 was filed on October 23, 2017.

The lawsuit alleges that the Company and its executives violated federal
securities laws by engaging in a series of manipulative share
issuance/sales transactions with Kalani Investments Limited ("Kalani")
and related entities. The manipulative scheme was caused by the
Company's Chief Executive Officer and Chairman of the Board of
Directors, Symeon P. Palios ("Palios"). Specifically, Palios caused
Diana to sell its common shares and securities convertible into common
shares to Kalani at a significant discount to market price and to file
registration statements so that Kalani could resell these shares into
the market. When Kalani's sales of Diana stock caused the price of Diana
stock to decline, the Company would reverse split the stock, causing a
certain number of outstanding shares to be merged into a single share,
and thereby raise the price of Diana stock. Then Diana would again sell
securities to Kalani and the same pattern of transactions would ensue.
At the same time that Diana was engaging in these transactions, the
Company failed to disclose the true purpose of the transactions and
related stock issuances and reverses – to provide Diana with financing
that benefited Palios and his related companies and family members and
otherwise funnel money to Company insiders.

As a result of the aforementioned allegations, the Company's share price
is down more than 99% since the start of the Class Period.

The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class who is adequate and
typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member. Your ability
to share in any recovery is not affected by the decision to serve as a
lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding
Diana's conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential
manner.

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