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Frequently Asked Questions
- I am a holder of Star Bulk's warrants (NASDAQ: SBLKW). Can I convert them into Star Bulk's shares of common stock (NASDAQ: SBLK)?
Yes, you may convert at any time by paying the exercise price of $8.00 per warrant converted. Please request your brokerage firm to arrange the conversion or contact our transfer agent American Stock Transfer & Trust Company. To contact American Stock Transfer & Trust Company, call 866-668-6550. If your shares are held in Street name, you should contact your brokerage firm.
- What is the strike price of the Star Bulk Warrants and when do they expire? Can the company redeem the warrants?
The strike price for the Star Bulk warrants is $8 and they expire on March 15, 2010 at 5:00 p.m. New York City time.
Star Bulk may redeem the warrants, in whole and not in part, at a price of $0.01 per warrant, upon a minimum of 30 days prior written notice of redemption, if and only if, the last sales price of Star Bulk's common stock equals or exceeds $14.25 per share for any 20 trading days within a 30 trading day period ending three business days before the notice of redemption is sent. Redemption of the warrants could force the warrant holders to (i) exercise the warrants and pay the exercise price therefore at a time when it may be disadvantageous for the holders to do so, (ii) sell the warrants at the then-current market price when they might otherwise wish to hold them, or (iii) accept the nominal redemption price which, at the time the warrants are called for redemption, is likely to be substantially less than the market value of the warrants.
- When does Star Bulk's fiscal year end?
Our fiscal year follows the calendar year: first quarter ends March 31, second quarter ends June 30, third quarter ends September 30 and fourth quarter ends December 31. Our fiscal year ends on December 31.
- What is Star Bulk's CUSIP number?
Star Bulk's CUSIP number is Y8162K105.
- How do I provide my contact information to receive e-mail alerts for Star Bulk's financial information?
You may sign up by entering your e-mail address and contact information on our website under "Investor Relations-E-Mail Alerts".
- Who may I contact about specific investor relations issues?
If you are unable to find the information you are looking for on this website, you may contact:
Nicolas Bornozis
Capital Link, Inc. (New York)
Phone:
1-212-661-7566
E-mail: nbornozis@capitallink.com
- Who is Star Bulk's transfer agent? What does a transfer agent do?
American Stock Transfer & Trust Company
59 Maiden Lane
New York, NY 10038
Phone: 718-921-8346
Toll free: 866-668-6550 (in the U.S. and Canada)
Transfer agents maintain share registers for their client companies. They issue and cancel share certificates, process and pay dividends, administer dividend programs, resolve issues arising from lost or stolen certificates and answer questions from shareholders about their accounts.
Corporate Website:http://www.amstock.com
- How can I change my address or name on my shareholder account?
If you are a shareholder of record (i.e. hold your shares directly in your name), you should contact our transfer agent. To contact American Stock Transfer & Trust Company, call 866-668-6550 . If your shares are held in Street name, you should contact your brokerage firm.
- What do I do if I lose my share certificates?
If you are a shareholder of record (i.e. hold your shares directly in your name), you should contact our transfer agent. To contact American Stock Transfer & Trust Company, call 866-668-6550 .
- When does Star Bulk pay its dividend?
Under the terms of the Company's waiver agreements with its lenders, in effect up to February 2010, any payment of dividends during the applicable waiver period is subject to the lenders' prior written consent. Following the $0.05 dividend declared in June 2009 for the second quarter 2009, the Company will be required to obtain further consent of its lenders in order to pay dividends in respect of the quarters ending September 30 and December 31, 2009.
- Does the company offer a Dividend Reinvestment Plan?
Star Bulk Carriers currently does not offer a Dividend Reinvestment Plan.
- Does the company offer a Direct Stock Purchase Plan?
Star Bulk Carriers currently does not offer a Direct Stock Purchase Plan
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