Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 23

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 23
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 Q: | Why am I receiving this document? |

| A: | Costamare Inc. has made this document available to you because you are a holder of common shares of Costamare Inc. (“Costamare Inc. shares”). If you hold or have acquired and do not sell or otherwise dispose of your Costamare Inc. shares prior to the close of business on     , 2025, you will be entitled to receive      of our shares for every      Costamare Inc. shares that you hold. An application will be made to list our shares on the NYSE. This document will help you understand how the spin-off will affect your investment in Costamare Inc. and your investment in us after the spin-off. |

| Q: | How will the spin-off of Costamare Bulkers Holdings from Costamare Inc. work? |

| A: | Immediately prior to the spin-off, Costamare Inc. will hold all of the shares in Costamare Bulkers Holdings. To accomplish the spin-off, Costamare Inc. will distribute all of our shares held by Costamare Inc. to holders of Costamare Inc. shares, as of the close of business on   , 2025, on apro ratabasis. You will not receive fractional shares and will instead receive cash upon the sale of the aggregated fractional shares |

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in lieu of any fractional shares. After the spin-off and the Restructuring Transactions are complete, the holders of Costamare Inc. shares on the record date will own 99.25% of our outstanding shares, with the CBI Minority Investor owning the remaining 0.75% of our outstanding shares. For more information, see “Item 4. Information on the Company—4.A. History and Development of the Company—The Spin-off—Treatment of Fractional Shares”. Following the spin-off, we will be an independent, publicly traded company, and Costamare Inc. will not retain any ownership interest in us. See also “Item 7. Major Shareholders and Related Party Transactions—7.A. Major Shareholders”.

| Q: | Why is the separation of Costamare Bulkers Holdings structured as a spin-off? |

| A: | Costamare Inc. believes that the spin-off structure we are using is an efficient way to separate its dry bulk related