Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 192

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 7
Chunk 192
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 vote of

the stockholders of the Company, provided

however, that, notwithstanding

any other provision of

Series D Preferred Stock

statement of designation,

to the extent that

the total number of votes

one or more holders

of Series D Preferred Stock

is entitled to

vote (including

any voting

power of

such holders

derived from

Series D

Preferred Stock,

shares of

Common

Stock or

any other

voting security

of the

Company issued

and outstanding

as of

the date

hereof or

that

may

be

issued

in

the

future)

on

any matter

submitted to

a

vote

of

stockholders of

the

Company

would

exceed 36.0% of

the total number

of votes eligible

to be cast

on such matter, the total

number of votes

that

96

holders of Series D Preferred Stock

may exercise derived from the Series

D Preferred Stock together with

Common Shares and any other voting securities of the Company beneficially owned by such holder, shall

be reduced

to 36%

of the

total number

of votes

that may

be cast

on such

matter submitted

to a

vote of

stockholders. The Series D Preferred Stock is

transferable only to the holder’s immediate

family members

and to affiliated

persons. The issuance of

shares of Series

D Preferred Stock to

Tuscany Shipping Corp.

was approved by an

independent committee of the Board

of Directors of the

Company, which

received a

fairness opinion from an independent third party that the transaction was fair

from a financial point of view

to the Company.

Series C Preferred Stock

In January 2019, we issued 10,675

shares of newly-designated Series C

Preferred Stock, par value $0.01

per share, to an

affiliate of our Chairman, Mr.

Simeon Palios.

In September 2020, the Series

C Preferred

Shares

were

transferred

from

an

affiliate

of

Mr.

Simeon

Palios

to

an

affiliate

of

the

Company’s

Chief

Executive Officer,

Mrs. Semiramis Paliou. The

Series C Preferred Stock

vote with the common

shares of

the Company, and each share entitles the holder thereof to 1,000 votes on all matters submitted to