Preferred Stock Calendar: Box Ships offering emerges

On the Horizon

BOX SHIPS INC.: Series C cumulative redeemable perpetual preferred stock; 9% price talk; Maxim Group LLC, Ladenburg Thalmann & Co. Inc. and MLV & Co. LLC (joint); Global Hunter Securities and National Securities Corp. (lead managers); Aegis Capital Corp. (co-manager); redeemable in 2018 or in the event of a change of control; proceeds to redeem all outstanding series B-1 preferred shares, to repay all or some of an unsecured loan with Paragon Shipping and for general corporate purposes, which may include the repayment of debt and the acquisition of vessels; Voula, Greece-based international shipping company.

MHI HOSPITALITY LP: At least $23 million of senior unsecured $25-par notes due 2018; redeemable 2016; Sandler O'Neill + Partners LP; proceeds to redeem all outstanding Sotherly Hotels Inc. preferred stock and for general corporate purposes; Williamsburg, Va.-based real estate investment trust.

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