Company: CTRM
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001140361-25-018945
Chunk: 26

Company: Castor Maritime Inc.
Filing Date: 2025-05-14
Form: 20-F
Item: Item 16G
Chunk 26
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 to attract, develop, and retain qualified, motivated, and highly skilled professionals. Competition for talent in the asset management industry is significant, particularly for experienced executives and specialists. The
departure of key personnel - whether due to attrition, retirement, disability, or other reasons - along with the costs and challenges of replacing them, may impair the implementation of growth strategies and the ability to maintain high operational
standards. Although competitive compensation and benefits are offered to support talent retention and motivation, there is no guarantee these measures will be sufficient. If current or former employees join competitors or establish competing firms,
it may negatively affect the ability to raise capital for new or successor investment products and could weaken competitive positioning. In addition, the departure or reduced involvement of certain key individuals may trigger "key person"
provisions included in the governing documents or management service agreement of certain of our investments. These provisions may allow investors to terminate the relevant management service agreement, impacting future revenue and profitability.

Risks Relating to our Preferred Shares

Our Series D Preferred Shares rank senior to our common shares with respect to dividends, distributions and payments upon liquidation and are convertible
into our common shares, which could have an adverse effect on the value of our common shares.

Dividends on the Series D Preferred Shares accrue and are cumulative from their issue date and are payable quarterly on each distribution payment date declared by the Board,
out of funds legally available for such purpose. See “Item 10. Additional Information - A. Memorandum and Articles of Association - Description of Series D Preferred Shares” for a full description of the
dividend rate and periods of the Series D Preferred Shares.