Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 25

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 25
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, 2025 and the application of the distribution ratio, and after giving effect to the Restructuring Transactions, we expect to have approximately 24,203,745 of our shares outstanding immediately following the spin-off. Costamare Inc. is expected to hold all of our shares immediately prior to the spin-off. The actual number of our shares that Costamare Inc. will distribute in the spin-off will depend on the total number of issued Costamare Inc. shares as of the close of business on April 29, 2025, the record date. Our shares that Costamare Inc. distributes will constitute all of our shares held by Costamare Inc. immediately prior to the spin-off. For additional information on our expected share capital following the spin-off, see “Item 10. Additional Information—10.A. Share Capital”. |

| Q: | How will fractional shares be treated in the spin-off? |

| A: | Costamare Inc. will not distribute any fractional shares in connection with the spin-off. Instead, Equiniti Trust Company, LLC, the distribution agent, will aggregate all fractional shares that Costamare Inc. shareholders would otherwise have been entitled to receive into whole shares and sell the whole shares in the open market at prevailing market prices. The aggregate net cash proceeds of such sales, net of brokerage fees and other costs, will be distributedpro ratato the relevant holders that would otherwise have been entitled to receive the fractional shares (based on the fractional share each such holder would otherwise be |

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entitled to receive). Recipients of cash in lieu of fractional shares will not be entitled to any interest on the amounts of payment made in lieu of fractional shares. We estimate that it will take approximately two weeks from the distribution date for the distribution agent to complete the distributions of the aggregate net cash proceeds. The receipt of cash in lieu of fractional shares will generally be taxable to the recipient shareholders for U.S. Federal income tax purposes as described in greater detail in “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”. See “Item 4. Information on the Company—4.A. History and Development of the Company—The Spin-off—Treatment of Fractional Shares” for more detail.

| Q: | What will happen to the listing of Costamare Inc. shares? |

| A: | After the spin-off,