Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 189

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 7
Chunk 189
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 Trust

Company,

which held 101,729,866

of our

common shares as

of that

date. Accordingly,

we believe

that the

shares held

by CEDE

& CO.

include common

shares beneficially

owned by

both holders

in the United

States and

non-U. S. beneficial

owners. We are

not aware of

any arrangements,

the operation

of which may at a subsequent date result in our change of control.

Holders

of

the

Series

B

Preferred

Shares

generally

have

no

voting

rights

except

(1)

in

respect

of

amendments to the Articles of

Incorporation which would adversely alter

the preferences, powers or rights

of

the

Series

B

Preferred

Shares

or

(2)

in

the

event

that

we

propose

to

issue

any

parity

stock

if

the

cumulative dividends payable

on outstanding Preferred

Stock are in

arrears or any

senior stock.

However,

if and whenever

dividends payable

on the

Series B

Preferred Shares

are in

arrears for

six or

more quarterly

periods, whether or not consecutive, holders

of Series B Preferred Shares (voting together

as a class with

all

other

classes

or

series

of

parity

stock

upon

which

like

voting

rights

have

been

conferred

and

are

exercisable) will

be entitled to

elect one additional

director to serve

on our

board of directors

until such time

as all accumulated and unpaid dividends on the Series B Preferred

Shares have been paid in full.

B.

Related Party Transactions

OceanPal Inc.,

or OceanPal

We own 500,000

of OceanPal’s

Series B

Preferred Shares,

207 shares

of OceanPal’s

Series C

Convertible

Preferred Shares and 3,649,474 common shares, being 49% of

OceanPal’s common stock.

95

Series

B

Preferred

Shares

entitle

the

holder

to

2,000

votes

on

all

matters

submitted

to

vote

of

the

stockholders of the

Company,

provided however,

that the total

number of votes

shall not exceed

34% of

the