Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 295

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 295
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amare Services charged (i) $2,429 for the year ended December 31, 2024 ($2,112 for the year ended December 31, 2023), representing a fee of 1.25% on all gross revenues, as provided in the CMRE Framework Agreement and the CMRE Services Agreement, as applicable, which is separately reflected in Voyage expenses-related parties in the accompanying predecessor combined carve-out statements of operations, (ii) $949, representing the pro-rata basis portion of the annual fee of $2,667, which is included in General and administrative expenses – related parties in the accompanying predecessor combined carve-out statements of operations for the year ended December 31, 2024 ($1,048 for the year ended December 31, 2023) and (iii) $2,991, representing the pro-rata basis portion of the fair value of 598,400 shares of Costamare, which is included in General and administrative expenses – related parties in the accompanying predecessor combined carve-out statements of operations for the year ended December 31, 2024 ($2,299 for the year ended December 31, 2023).

Furthermore, in accordance with the management agreements with third-party managers, third-party managers have been provided with the amount of $50 per vessel as working capital security. As of December 31, 2023, the working capital security was $3,300 in aggregate, of which $2,500 is included in Accounts receivable, net, non-current and $800 in Accounts receivable, net, in the accompanying 2023 predecessor combined carve-out balance sheet. As of December 31, 2024, the working capital security was $1,650 in aggregate, of which $1,600 is included in Accounts receivable, net, non-current and $50 in Accounts receivable, net, in the accompanying 2024 predecessor combined carve-out balance sheet.

<div align='center'>F-19</div>

#### TABLE OF CONTENTS

### COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR

### Notes to Combined Carve-out Financial Statements

#### December 31, 2023 and 2024
(Expressed in thousands of U.S. dollars, except share and per share data, unless otherwise stated)

The balance due to Costamare Shipping as of December 31, 2023 and 2024 amounted to $3,178 and $2,393, respectively and is included in Due