ATHENS, GREECE, June 6, 2016 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that its Board of Directors has determined the split ratio for the previously announced reverse stock split of the Company’s common shares, par value $0.01 per share, to be effective as of the opening of trading on or around June 9, 2016. The split ratio will be one-for-eight. Upon effectiveness of the reverse stock split, the number of outstanding shares of the Company’s common stock will decrease to approximately 9, 361, 321, which may be further adjusted for the cancellation of fractional shares.
Additional information about the reverse stock split can be found in the Company’s press release dated June 1, 2016, a copy of which was furnished to the Securities and Exchange Commission on June 1, 2016 on the Company’s Report of Foreign Private Issuer on Form 6-K and is available on the Securities and Exchange Commission’s website at www.sec.gov.
About the Company
Diana Containerships Inc. is a global provider of shipping transportation services through its ownership of containerships. The Company’s vessels are employed primarily on time charters with leading liner companies carrying containerized cargo along worldwide shipping routes.