Safe Bulkers (SB) Registration Filing summary

Company overview and business model

• Operates a global drybulk marine transportation business, focusing on coal, grain, and iron ore for major commodity consumers.

• Fleet consists of 46 vessels with a carrying capacity of 4.6 million DWT and an average age of 9.8 years as of July 2024.

• Emphasizes fleet renewal with newbuilds meeting latest IMO environmental standards and ongoing environmental upgrades to existing vessels.

• Employs a mix of period time charters for stable cash flow and spot charters for market flexibility.

• Integrates ESG practices into strategy, including annual sustainability reporting and environmental initiatives.

Financial performance and metrics

• As of August 1, 2024, 106,770,420 shares of common stock are outstanding, with a public float market value of $254,944,196 based on a $4.66 share price.

• Series C and D preferred shares are outstanding and listed, with 804,950 and 3,195,050 shares respectively as of July 19, 2024.

• No securities have been offered under the relevant registration instruction in the prior 12 months.

Use of proceeds and capital allocation

• Specific use of proceeds will be detailed in a prospectus supplement or Form 6-K incorporated by reference.