Company: CMRE-PC
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001140361-25-005199
Chunk: 63

Company: Costamare Inc.
Filing Date: 2025-02-20
Form: 20-F
Item: Item 3
Chunk 63
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ers and other counterparties of their obligations;
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•   our fleet expansion strategy and associated uses of our cash and our financing requirements;
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•   delays in the delivery of newbuild vessels and the beginning of payments under charters relating to those vessels;
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•   the level of our operating costs, such as the costs of crews, vessel maintenance, lubricants and insurance;
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•   the number of unscheduled off-hire days for our fleet and the timing of, and number of days required for, scheduled dry-docking of our vessels;
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•   disruptions related to an epidemic or pandemic;
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•   prevailing global and regional economic and political conditions, including the conflict between Russia and Ukraine, the conflict between Israel and Hamas and related conflicts in the Middle East and the Red Sea crisis;
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•   changes in interest rates;
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•   currency exchange rate fluctuations;
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•   dry bulk freight rates and bunker prices;
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•   the effect of governmental regulations and maritime self-regulatory organization standards on the conduct of our business;
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•   the requirements imposed by classification societies;
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•   the level of capital expenditures we make, including for maintaining or replacing vessels and complying with regulations;
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•   the level of capital requirements of our dry bulk operating platform and our leasing business;
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•   our debt service requirements, including fluctuations in interest rates, and restrictions on distributions contained in our debt instruments;
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•   fluctuations in our working capital needs;
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•   our ability to make, and the level of, working capital borrowings;
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•   changes in the basis of taxation of our activities in various jurisdictions;
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•   modification or revocation of our dividend policy by our board of directors;
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•   the ability of our subsidiaries to pay dividends and make distributions to us; and
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•   the amount of any cash reserves established by our board of directors.
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The amount of cash we generate from our operations may differ materially from our net income or loss for the period, which will be affected by non-cash items. We may incur other expenses or liabilities that could reduce or eliminate the cash available for distribution as dividends or redemptions.
 
In addition