#10. PYXIS TANKERS INC - 7.75% SERIES A CUMULATIVE CON (PXSAP) — 11.36% YIELD, -31.80% DISCOUNT TO PAR
Pyxis Tankers is a holding company. Through its subsidiaries, Co. is engaged as an international maritime transportation company focused on the product tanker sector. Co.'s fleet is comprised of five double hull product tankers, which are employed under a mix of spot and medium-term time charters. Three of the vessels in the fleet are medium range tankers, and two are short-range tanker sister ships. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel and fuel oil, as well as other liquid bulk items, such as vegetable oils and organic chemicals.