Business
Costamare Inc. Announces Plans for Costamare Bulkers Holdings Limited Spin-Off
Record date set for April 29, 2025Distribution date for Costamare Bulkers shares anticipated to be May 6, 2025 MONACO, April 17, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the “Company”) today announced that its Board of Directors has approved the previously announced spin-off of its dry bulk business into a standalone company, Costamare Bulkers Holdings Limited (“Costamare Bulkers”). The Company expects to complete the transaction, by way of a pro rata distribution to Costamare Inc. s
About this update from Costamare Inc.
[{"type":"image","alt":"Costamare Inc","displaySize":"","headline":null,"caption":"Costamare Inc","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":65,"url":"https://media.zenfs.com/en/globenewswire.com/fb5804657f78cf60d23fb411f82ff38c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/EyFenM.yCGGxEPdKETZmgw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTkxO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/fb5804657f78cf60d23fb411f82ff38c","width":300,"height":65}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Record date set for April 29, 2025","length":34,"tagName":"p"}]},{"val":[{"type":"text","content":"Distribution date for Costamare Bulkers shares anticipated to be May 6, 2025","length":76,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":110,"olType":false},{"type":"text","content":"MONACO, April 17, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the “Company”) today announced that its Board of Directors has approved the previously announced spin-off of its dry bulk business into a standalone company, Costamare Bulkers Holdings Limited (“Costamare Bulkers”). The Company expects to complete the transaction, by way of a pro rata distribution to Costamare Inc. shareholders, on May 6, 2025.","length":417,"tagName":"p"},{"type":"text","content":"Additional information regarding Costamare Bulkers and the proposed spin-off transaction may be found in the Registration Statement on Form 20-F (the “Registration Statement”) filed by Costamare Bulkers with the U.S. Securities and Exchange Commission (the “SEC”), which is available at www.sec.gov.","length":299,"tagName":"p"},{"type":"text","content":"Timeline for planned spin-off","length":29,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:top;","val":[{"type":"text","content":"Date","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:top;","val":[{"type":"text","content":"Event","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;vertical-align:top;","val":[{"type":"text","content":"April 29, 2025","length":14,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;vertical-align:top;","val":[{"type":"text","conten...