Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 251

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 251
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 tax basis (or fair market value in certain circumstances) in a share of your Costamare Inc. common shares. For purposes of this calculation, only the portion of a distribution treated as a dividend, rather than the full amount of the distribution, is taken into account. If the portion of the distribution treated as a dividend qualifies as an extraordinary dividend on your Costamare Inc. common shares and you are an individual, estate or trust who claimed a reduced rate for qualified dividend income on the distribution, then any loss derived by you from a subsequent sale or exchange of your Costamare Inc. common shares may be treated as long-term capital loss to the extent of such dividend.**

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TABLE OF CONTENTS

You will have a basis in our common shares received in the Spin-off equal to the fair market value of such common shares on the distribution date, and the holding period for such common shares received in the Spin-off will begin on the distribution date. Consequences of the Spin-Off if Costamare Inc. is a PFIC As discussed below under “PFIC Status”, special U.S. Federal income tax rules will apply to you if you hold shares in a non-U.S. corporation that is classified as a PFIC for U.S. Federal income tax purposes. If Costamare Inc. is classified as a PFIC for the taxable year of the Spin-off or if Costamare Inc. has been classified as a PFIC at any time during the period the U.S. Holder held its shares (determined based on the test described below under “PFIC Status”), all or a substantial portion of the distribution of our ordinary shares in the Spin-off will be treated as an “excess distribution”, as described below in “Taxation of U.S. Holders That Make No Election”, unless the U.S. Holder makes either a QEF Election or a “mark-to- market” election for the year of the spin-off. The amount treated as an “excess distribution” would be taxed in the manner described below under “Taxation of U.S. Holders That Make No Election”. The portion of the distribution not treated as an “excess distribution” would be taxed to you as a dividend in the manner described above but would not be eligible for the reduced rates applicable to “qualified dividend income”. As described below under “Taxation of U.S. Holders That Make a Timely QEF Election”, if you make a QEF Election you will not be taxed