To accomplish the spin-off, Costamare will distribute all of the Costamare Bulkers shares held by Costamare to holders of Costamare common shares on a pro rata basis.
In the distribution, each Costamare shareholder will receive one common share of Costamare Bulkers share for every five Costamare common shares they hold as of the close of business on April 29, 2025, the record date for the distribution.