Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 320

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 320
---
Assets measured at fair value on a non-recurring basis: As of December 31, 2023, the estimated fair value of the Company’s vessels measured at fair value on a non-recurring basis is based on the third-party valuation reports and is categorized based upon the fair value hierarchy as follows:

|                             |     | December 31, 
         2023 |     | Quoted Prices    
 in Active        
 Markets for      
 Identical Assets 
 (Level 1)        |     | Significant 
       Other 
  Observable 
      Inputs 
   (Level 2) |     | Unobservable 
 Inputs       
 (Level 3)    |
|:----------------------------|:----|-------------:|:----|:-----------------|:----|------------:|:----|:-------------|
| Non-Recurring measurements: |     |              |     |                  |     |             |     |              |
| Vessels                     |     |      $10,250 |     | $—               |     |     $10,250 |     | $—           |
| Total                       |     |      $10,250 |     | $—               |     |     $10,250 |     | $—           |

17. Comprehensive Income / (Loss): During the year ended December 31, 2023, Accumulated other comprehensive income decreased with net loss of $5,087 relating to (i) the change of the fair value of derivatives that qualify for hedge accounting (loss of $1,759), plus the settlements to net income of derivatives that qualify for hedge accounting (loss of $4,989) and (ii) reclassification of amount excluded from the interest rate caps assessment of hedge effectiveness based on an amortization approach to Interest and finance costs (gain of $1,661). During the year ended December 31, 2024, Accumulated other comprehensive loss increased with net loss of $904 relating to (i) the change of the fair value of derivatives that qualify for hedge accounting (gain of $1,352), plus the settlements to net income of derivatives that qualify for hedge accounting (loss of $4,231) and (ii) reclassification of amount excluded from the interest rate caps assessment of hedge effectiveness based on an amortization approach to Interest and finance costs (gain of $1,975).

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TABLE OF CONTENTS

COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR Notes to Combined Carve-out Financial Statements December 31,