Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 109

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 109
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 on any cash you receive in lieu of a fractional share. The cash you receive in lieu of a fractional share will generally be taxable to you for U.S. Federal income tax purposes. See “Item 10. Additional Information—10.E. Tax Considerations—United States Federal Income Tax Considerations” for more information.

### Results of the Spin-off
After the spin-off, we will be a standalone publicly traded company. Immediately following the spin-off and the completion of the Restructuring Transactions, we expect to have approximately      Costamare Bulkers Holdings shares outstanding based on the number of issued shares of Costamare Inc. as of     , 2025. The actual number of our shares that Costamare Inc. will distribute in the spin-off will depend on the actual number of issued shares of Costamare Inc. on the record date. The spin-off will not affect the number of outstanding Costamare Inc. shares or any rights of holders of any outstanding Costamare Inc. shares, although we expect the trading price of Costamare Inc. shares immediately following the spin-off to be lower than immediately prior to the spin-off because the trading price of Costamare Inc. shares will no longer reflect the value of its dry bulk related businesses. There can be no assurance that the aggregate market value of the Costamare Inc. shares and our shares following the spin-off will be higher than, equal to or lower than the market value of Costamare Inc. shares if the spin-off did not occur. This means, for example, that the combined trading prices of one Costamare Inc. share and      of one of our shares after market open on     , 2025 (representing the number of our shares to be received per every one Costamare Inc. share in the distribution) may be equal to, greater than or less than the trading price of one Costamare Inc. share before     , 2025. In addition, your Costamare Inc. shares sold in the “ex-distribution” market (as opposed to the “regular-way” market) will trade without the entitlement to receive the distribution of our shares in the spin-off and will reflect an ownership interest solely in Costamare Inc., but may not yet accurately reflect the value of such Costamare Inc. shares excluding its dry bulk related