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MONACO, March 31, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the “Company”) today announced that the incoming management team of Costamare Bulkers Holdings Limited (“Costamare Bulkers”) will host a virtual Analyst and Investor Day on Wednesday April 9th, 2025, at 9:00 a.m. Eastern Daylight Time. Costamare Bulkers is the new company that will hold Costamare Inc.’s owned dry bulk vessels and the CBI operating platform upon completion of Costamare Inc.’s previously announced spin-off of its dry bulk business. The Costamare Bulkers presenting team will be led by Gregory Zikos serving as Chief Executive Officer, in addition to his role as Chief Financial Officer of Costamare Inc.
The Analyst and Investor Day agenda will include management’s discussion of Costamare Bulkers’ core business and operations, investment highlights, and strategic outlook, as well as a Q&A session. Presenting on behalf of Costamare Bulkers will be:
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Gregory Zikos, Chief Executive Officer and Member of the Board of Directors of Costamare Bulkers
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Jens Jacobsen, Chief Commercial Officer and Member of the Board of Directors of Costamare Bulkers
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Dimitris Pagratis, Chief Financial Officer
Investor Day Webcast Details
Interested parties can access Costamare Bulkers’ Analyst and Investor Day webcast on the day of the event through the Costamare Inc. website (www.costamare.com).
About the Costamare Bulkers Spin-Off
Costamare Inc. intends to spin-off the Company’s dry bulk business into a standalone company, Costamare Bulkers. The Costamare Inc. board believes the proposed separation will unlock the inherent value within the two companies, which have unique growth prospects and investment opportunities.
Shares of Costamare Bulkers are expected to be listed on the New York Stock Exchange. Costamare Inc. is targeting to complete the spin-off as soon as practicable this calendar year, subject to various conditions, including regulatory approvals and obtaining the final approval of the Costamare Inc. board of directors. However, there can be no assurance that a separation transaction will occur, or if one does occur, of its terms or timing.
About Costamare Inc.
Costamare Inc. is one of the world’s leading owners and providers of containerships and dry bulk vessels for charter. The Company has 51 years of history in the international shipping industry and a fleet of 68 owned containerships, with a total capacity of approximately 513,000 TEU and 38 owned dry bulk vessels with a total capacity of approximately 3,016,000 DWT (including one vessel that we have agreed to sell). The Company also has a dry bulk operating platform (CBI) which charters in/out dry bulk vessels, enters into contracts of affreightment, forward freight agreements and may also utilize hedging solutions. The Company participates in a leasing business. The Company’s common stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock trade on the New York Stock Exchange under the symbols “CMRE”, “CMRE PR B”, “CMRE PR C” and “CMRE PR D”, respectively.