Toro Corp. (TORO) announces that on October 13, 2025, the Company and Castor Maritime (CTRM) agreed to the full redemption of 60,000 shares of Castor’s 8.75% Series E Cumulative Perpetual Convertible Preferred Shares issued by Castor in September 2025, for a cash consideration equal to the stated amount of the Series E Preferred Shares plus 0.523% thereof, including accrued and unpaid distributions.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TORO:
- Castor Maritime announces $50M debt financing
- Toro Corp. Acquires Castor Maritime Preferred Shares in Strategic Move
- Toro Corp. Reports Q2 2025 Financial Results and Strategic Fleet Changes
- Toro Corp. reports Q2 EPS 1.56c vs 2.24c last year
- Toro Corp. to Sell LPG Carrier Dream Terrax for $20 Million