Diana Containerships' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Diana Containerships Inc. (DCIX)

Q2 2012 Earnings Call

August 1, 2012 9:00 am ET

Executives

Edward Nebb – Investor and Media Relations, Comm-Counsellors, LLC

Symeon Palios – Chairman and Chief Executive Officer

Anastassis Stacey Margaronis – President

Andreas Michalopoulos – Chief Financial Officer and Treasurer

Analysts

Michael Webber – Wells Fargo Securities, LLC

Jeffrey D. Rudner – UBS

Presentation

Operator

Greetings and welcome to Diana Containerships’ Second Quarter 2012 Conference Call and Webcast. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Edward Nebb, IR Advisor for Diana Containerships. Thank you. Mr. Nebb, you may begin.

Edward Nebb

Thank you very much, Melissa. And greetings, this is Ed Nebb and I’m want to welcome you to the Diana Containerships Inc. 2012 second quarter conference call.

The members of the Diana Containerships’ management team who are with us today include Mr. Symeon Palios, Chairman and Chief Executive Officer; Mr. Anastassis Margaronis, President; Mr. Andreas Michalopoulos, Chief Financial Officer; Mr. Ioannis Zafirakis, Chief Operating Officer and Secretary; and Ms. Maria Dede, Chief Accounting Officer.

Before management begins their remarks, let me briefly summarize the Safe Harbor notice. Certain statements made during this conference call, which are not statements of historical facts are forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act.

Forward-looking statements are based on assumptions, expectations, projections, intentions and beliefs as the future events that may not prove to be accurate. For a description of the risks, uncertainties, and other factors that may cause future results to differ materially from what is expressed or forecast in the forward-looking statements, please refer to the company’s filings with the Securities and Exchange Commission.

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