SSW - An 8% Baby Bond Yield From Global Ship Lease With Smooth Sailing Ahead

Global Ship Lease Inc. (GSL) has become a much stronger company during the last couple of years. No common stock dividend has been paid since 11/12/2015, but the reintroduction of a common stock dividend finally appears on track for 2020. GSL is focused on long-term leases for its fleet of containerships with an average remaining lease term of 2.6 years. Even if favorable containership rates ended tomorrow, profitability already is locked in for 2020. The GSL balance sheet has been further strengthened by a merger, an equity capital raise and bond buybacks. The