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

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 23
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-off” below in this registration statement for a more detailed description of the matters identified below.

| Q: | Why am I receiving this document? |

| Q: | How will the spin-off of Costamare Bulkers Holdings from Costamare Inc. work? |

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TABLE OF CONTENTS

shares in lieu of any fractional shares. After the spin-off and the Restructuring Transactions are complete, the holders of Costamare Inc. shares on the record date will own 99.25% of our outstanding shares, with the CBI Minority Investor owning the remaining 0.75% of our outstanding shares. For more information, see “Item 4. Information on the Company—4.A. History and Development of the Company—The Spin-off—Treatment of Fractional Shares”. Following the spin-off, we will be an independent, publicly traded company, and Costamare Inc. will not retain any ownership interest in us. See also “Item 7. Major Shareholders and Related Party Transactions—7.A. Major Shareholders”.

| Q: | Why is the separation of Costamare Bulkers Holdings structured as a spin-off? |

| A: | Costamare Inc. believes that the spin-off structure we are using is an efficient way to separate its dry bulk related businesses in a manner that will create long-term value for Costamare Inc., Costamare Bulkers Holdings and their respective shareholders. |

| Q: | When will Costamare Bulkers Holdings shares begin to trade on a standalone basis? |

| Q: | What will be the ticker symbol of the Costamare Bulkers Holdings shares that Costamare Inc. shareholders will receive in the spin-off? |

| A: | Our shares are expected to trade on the NYSE under the ticker symbol “CMDB”. |

| Q: | When will Costamare Inc. shares cease to trade including the right to receive Costamare Bulkers Holdings shares? |

| Q: | Will there be any “when-issued” trading of Costamare Bulkers Holdings shares before the distribution date? |

| Q: | What is “regular-way” and “ex-distribution” trading of Costamare Inc. shares? |

If you decide to sell any Costamare Inc. shares before the distribution date, you should make sure your bank, broker or other nominee understands whether you want to sell your Costamare Inc. shares with or without your entitlement to our shares pursuant to the distribution. See “Item