Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 251

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 251
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If you are a U.S. corporation (or a U.S. entity taxable as a corporation), you will generally not be entitled to claim a dividends-received deduction with respect to the receipt of our ordinary shares in the Spin-off.

The receipt of ordinary shares in the Spin-off as a dividends paid will generally be treated as “passive category income” for purposes of computing allowable foreign tax credits for U.S. foreign tax credit purposes.

If you are an individual, trust or estate, the amount of the distribution if our ordinary shares in the Spin-off treated 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