Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 252

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 252
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 as a dividend should be treated as “qualified dividend income” subject to reduced rates of U.S. Federal income tax, as discussed below under “Distributions on Our Common Shares”; provided that the conditions described below are satisfied with respect to your Costamare Inc. common shares.

Special rules may apply to any “extraordinary dividend”. Generally, an extraordinary dividend is a dividend in an amount that is equal to (or in excess of) 10% of your adjusted tax basis (or fair market value in certain circumstances) in a share of your Costamare Inc. common shares. For purposes of this calculation, only the portion of a distribution treated as a dividend, rather than the full amount of the distribution, is taken into account. If the portion of the distribution treated as a dividend qualifies as an extraordinary dividend on your Costamare Inc. common shares and you are an individual, estate or trust who claimed a reduced rate for qualified dividend income on the distribution, then any loss derived by you from a subsequent sale or exchange of your Costamare Inc. common shares may be treated as long-term capital loss to the extent of such dividend.**

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TABLE OF CONTENTS

You will have a basis in our common shares received in the Spin-off equal to the fair market value of such common shares on the distribution date, and the holding period for such common shares received in the Spin-off will begin on the distribution date. Consequences of the Spin-Off if Costamare Inc. is a PFIC As discussed below under “PFIC Status”, special U.S. Federal income tax rules will apply to you if you hold shares in a non-U.S. corporation that is classified as a PFIC for U.S. Federal income tax purposes. If Costamare Inc. is classified as a PFIC for the taxable year of the Spin-off or if Costamare Inc. has been classified as a PFIC at any time during the period the U.S. Holder held its shares (determined based on the test described below under “PFIC Status”), all or a substantial portion of the distribution of our ordinary shares in the Spin-off will be treated as an “excess distribution”, as described below in “Taxation of U.S. Holders That Make No Election”, unless the U.S. Holder makes either a QEF Election or a “mark-to- market” election for the year of the spin-off. The amount treated as an “excess distribution” would be taxed in the manner