COSTAMARE INC. ANNOUNCES COMPLETION OF THE COSTAMARE BULKERS HOLDINGS LIMITED SPIN-OFF

MONACO –Costamare Inc. (NYSE:CMRE) (the “Company”) announced today that it has
completed the spin-off of its dry bulk business into a standalone public company, Costamare Bulkers
Holdings Limited (“Costamare Bulkers”). 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 close of business on April 29, 2025.
The successful execution of the Costamare Bulkers spin-off transforms Costamare Inc. into a predominantly
global container shipping provider, while still maintaining its presence in Neptune Maritime Leasing.
Costamare Bulkers shares will be listed and commence trading today on the NYSE under the ticker symbol
“CMDB” from 9:30 a.m., New York City time. Costamare Inc. will continue to trade on the NYSE under
the ticker symbol “CMRE.”
About Costamare Inc.
Costamare Inc. is one of the world’s leading owners and providers of containerships 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. The Company also 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.
Forward-Looking Statements
This press release contains “forward-looking statements”. In some cases, you can identify these statements
by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “project”, “forecast”,
“plan”, “potential”, “may”, “should”, “could” and “expect” and similar expressions, or by express or
implied discussions regarding the spin-off of Costamare Bulkers, regarding whether the spin-off is in the
best interests of shareholders, regarding the future commercial performance of Costamare Inc., or regarding
any potential strategic benefits, synergies or opportunities as a result of these actions. You should not place
undue reliance on these statements. These statements are not historical facts but instead represent only the
Company’s beliefs regarding future results, many of which, by their nature, are inherently uncertain and
outside of the Company’s control. It is possible that actual results may differ, possibly materially, from
those anticipated in these forward-looking statements. There can be no guarantee that Costamare Inc. will
be able to realize any of the potential strategic benefits, synergies or opportunities as a result of these actions,
that shareholders will achieve any particular level of shareholder returns or that the spin-off of Costamare
Bulkers will be in the best interests of shareholders. For a discussion of some of the risks and important
factors that could affect future results, see the discussions in the Company’s Annual Report on Form 20-F
(File No. 001-34934) and Costamare Bulkers’ Registration Statement on Form 20-F (File No. 001-42581).