Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 151

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 151
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bt; $123.0

million of indebtedness

and finance

liabilities that we

repaid; $24.2

million proceeds from issuance of common stock; $5.8 million and $29.0 million

of cash dividends paid on

78

our preferred and

common stock,

respectively; and

$5.3 million

of finance

costs paid in

relation to new

loan

agreements.

Net cash used in

financing activities was $71.1 million for

2023, which consists of $57.7

million proceeds

from issuance of long term debt and finance liabilities; $79.8 million of indebtedness and finance liabilities

that we repaid; $5.8 million and $41.4 million of

cash dividends paid on our preferred and common stock,

respectively; and $1.8 million of finance costs paid in relation

to new loan agreements.

For a detailed

discussion of

cash flows

for the

year ended

December 31,

2023

compared to

the year

ended

December 31, 2022

please see “ Item 5. Operating and Financial Review and Prospects - B. Liquidity and

Capital Resources” included in our 2023 Annual Report filed on Form 20-F

with the SEC on April 5, 2024.

Commitments for Capital Expenditures

In January 2025, we paid $22.9 million for the purchase of 11,442,645 shares of common stock, pursuant

to

a

tender

offer

we

commenced

on

December

2,

2024.

As

of

the

date

of

this

annual

report,

we

have

commitments

of

$73.6

million

for

the

construction

of

two

81,200

dwt

methanol

dual

fuel

new-building

Kamsarmax dry bulk vessels,

expected to be delivered in the third quarter of

2027 and the first quarter of

2028. In February

and March 2025,

we paid €7.6

million, or $8.0

million, under our

€50 million commitment

to Windward

for the

construction of

four CSOVs

with deliveries

scheduled to

occur between

the third

quarter

of

2025

and the

fourth

quarter of

202