Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 31

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 31
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 shares, and to the extent the amount of the distribution exceeds the holder’s adjusted tax basis, the excess will be treated as capital gain. Costamare Inc. will not be able to determine the amount of the distribution that will be treated as a dividend until after the close of the taxable year of the Spin-off because its current year earnings and profits will be calculated based on its income for the entire taxable year in which the distribution occurs. 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 4. Information on the Company—4.A. History and Development of the Company—The Spin-off—Material U.S. Federal Income Tax Consequences of the Spin-off” and “Item 10. Additional Information—10.E. Tax Considerations—United States Federal Income Tax Considerations” for more information regarding the material tax consequences to U.S. Holders of the spin-off (including the definition of “U.S. Holder”).

| Q: | Who will lead Costamare Bulkers Holdings after the spin-off? |

| A: | For more information regarding our management team and leadership structure, see “Item 6. Directors, Senior Management and Employees—6.A. Directors and Senior Management—Senior Management”. |

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| Q: | Does Costamare Bulkers Holdings intend to pay cash dividends? |

| A: | Declaration and payment of any dividend is subject to the discretion of our board of directors and the requirements of Marshall Islands law. The determination by our board of directors to declare and pay dividends, as well as the timing and amount of any dividends declared, will depend on, among other things, (a) our earnings, financial condition, cash flow and cash requirements, (b) our liquidity, including our ability to obtain debt or equity financing on acceptable terms as contemplated by our vessel acquisition strategy, (c) restrictive covenants in our existing and future debt instruments and (d) provisions of Marshall Islands law governing the payment of dividends. See “Item 8. Financial Information—8.A. Predecessor Combined Carve-out Financial Statements and Other Financial Information—Common Stock Dividend Policy” for more information. |

| Q: | Will Costamare Bulkers Holdings incur any debt prior to or at the time of the spin-off? |

| A: | For information regarding our indebtedness incurred prior to or at the time of the spin-off please see “Item