Exhibit 4.1


 








	No. of Certificate	 	No. of Shares
	 	 	 
	 	
        INCORPORATED UNDER THE LAWS
        OF THE REPUBLIC

        OF THE MARSHALL ISLANDS

        COSTAMARE INC.
	 


 


CUSIP Y1771G 201


 


   THIS IS TO CERTIFY that _______________________________ is the owner of

 

_________________________________________________________________________

FULLY PAID AND NON-ASSESSABLE SHARES OF

8.875% SERIES E CUMULATIVE REDEEMABLE PERPETUAL PREFERRED STOCK, PAR VALUE $0.0001, OF

 


Costamare Inc. (hereinafter
called the “Corporation”), transferable on the books of the Corporation by the holder hereof in person or by duly authorized
attorney upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby are issued and
shall be held subject to all the provisions of the Second Amended and Restated Articles of Incorporation and Bylaws of the Corporation
and the Statement of Designation related to the 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock and the amendments
from time to time made thereto. The shares represented by this Certificate have limited voting rights. This Certificate is not
valid unless countersigned and registered by the Transfer Agent and Registrar.


 


     WITNESS, the seal of the Corporation
and the signatures of its duly authorized officers. 


 


Dated:

		 	 
	SECRETARY	 	CHIEF EXECUTIVE OFFICER
	 	 	 
	COUNTERSIGNED AND REGISTERED	 	 
	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC	 	 
	TRANSFER AGENT AND REGISTRAR	 	 


 


	 By	 	 
	 	Authorized Signature 	 








    	 



    	



    



The Corporation will furnish without charge to
each Costamare Inc. stockholder who so requests a statement of the number of shares constituting each class or series of stock
and the designation thereof, and a copy of the powers, designations, preferences and relative, participating, optional or other
special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences
and/or rights.



The following abbreviations, when used in the
inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable
laws or regulations:


 


	TEN COM	—	as tenants in common	 	UNIF GIFT MIN ACT —	 	Custodian	 
	TEN ENT	—	as tenants by the entireties	 	 	(Cust)	 	(Minor)
	JT TEN	—	as joint tenants with right	 	 	Under Uniform Gifts to Minors
	 	 	of survivorship and not as	 	 	Act 	 
	 	 	tenants in common	 	 	 	   	(State)	 
	 	 		 	 	 		 




Additional abbreviations may also be used though
not in the above list.


 


For value received,
___________________________________ hereby sells, assigns and transfers unto


 


	PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE	 
	 	 



 

	 	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS,
INCLUDING ZIP CODE, OF ASSIGNEE)


	 
	 
	 



	 
	        	 Shares

	represented by the within Certificate, and does hereby irrevocably
constitute and appoint




	 
	       	 Attorney

	to transfer the said shares on the books of the within named
Corporation with full power of substitution in the premises.




 


	Dated	 	 	 
	 	 	NOTICE:  	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.
	 	 
	 	 	 
	 	 	 



 


	 	 
	 	 
	 	 
	SIGNATURE(S) GUARANTEED:	 
	 	 
	 	 
	THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.