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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
Share

Period

Record Date

Payment Date

Class A
Common

SSW

$0.125

July 1, 2017 to

September 30, 2017

October 20,
2017

October 30,
2017

Series D
Preferred

SSW PR D

$0.496875

July 30, 2017 to

October 29, 2017

October 27,
2017

October 30,
2017

Series E
Preferred

SSW PR E

$0.515625

July 30, 2017 to

October 29, 2017

October 27,
2017

October 30,
2017

Series G
Preferred

SSW PR G

$0.5125

July 30, 2017 to

October 29, 2017

October 27,
2017

October 30,
2017

Series H
Preferred

SSW PR H

$0.492188

July 30, 2017 to

October 29, 2017

October 27,
2017

October 30,
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