Box Ships Inc. 9% Perpetual Preferred Stock

Box Ships Inc. 9% Perpetual Preferred Stock is a type of fixed-income security issued by Box Ships Inc., a company involved in the maritime shipping sector. The primary purpose of this asset is to pay a steady dividend rate of 9%, offering investors a regular income stream. Unlike common stock, preferred stocks like this one typically do not have voting rights, but they do take precedence over common shareholders in terms of dividend distribution and asset liquidation in case of insolvency. This preferred stock is categorized as "perpetual," meaning it has no maturity date, and the company is under no obligation to redeem the stock. Such characteristics make it an interesting option for income-focused investors who want to leverage the relative stability and predictability of dividend payments in their portfolio. Box Ships Inc.'s role in the global shipping industry ties the performance of this asset to maritime economic conditions and trends, impacting sectors reliant on international trade and transportation. This offers exposure to an industry pivotal to global commerce, with the asset underscoring the importance of maritime transport infrastructure.