Costamare Inc. announced the successful completion of the spin-off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Limited, on May 6, 2025. This transaction marks a significant strategic transformation for Costamare Inc.
As part of the distribution, each holder of Costamare Inc. common shares received one common share of Costamare Bulkers Holdings Limited for every five Costamare Inc. common shares held as of the record date of April 29, 2025. Costamare Bulkers shares commenced trading on the NYSE under the ticker symbol 'CMDB' on May 7, 2025.
Costamare Inc. is now primarily a global container shipping provider, maintaining its ownership of 68 containerships with a total capacity of approximately 513,000 TEU, and its presence in Neptune Maritime Leasing. Costamare Inc. will continue to trade on the NYSE under its existing ticker symbol 'CMRE'.
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