Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 52

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 52
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 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 and/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.

The international dry bulk shipping industry is highly volatile, and we are a newly standalone public company. Therefore, we cannot predict with certainty the amount of cash, if any, that will be available for**

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distribution as dividends in any period. Also, there may be a high degree of variability from period to period in the amount of cash, if any, that is available for the payment of dividends. The amount of cash we generate from and use in our operations and the actual amount of cash we will have available for dividends may fluctuate significantly based upon, among other things:

| • | the charter hire payments we obtain from our charters as well as our ability to charter or re-charter our vessels and the charter rates obtained; |

| • | the due performance by our charterers and other counterparties of their obligations; |

| • | our fleet expansion strategy and associated uses of our cash and our financing requirements; |

| • | delays in the delivery of secondhand or, if relevant, newbuild vessels and the beginning of payments under charters relating to those vessels; |

| • | the level of our operating costs, such as the costs of crews, vessel maintenance, lubricants and insurance; |

| • | 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; |

| • | disruptions due to an epidemic or pandemic; |

| • | 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; |

| • | changes in interest rates; |

| • | currency exchange rate fluctuations; |

| • | dry bulk freight rates and bunker prices; |

| • | the effect of governmental regulations and maritime self-regulatory organization standards on the conduct of our business; |

| • | the requirements imposed by classification societies; |

| • | the level of capital expenditures we make, including for maintaining or replacing vessels and complying with regulations;