Costamare inc. completes full redemption of its outstanding shares of series e preferred stock

Monaco, july 15, 2024 (globe newswire) -- costamare inc. (the “company”, “we” or “our”) (nyse: cmre) announced today that the company has completed the previously announced redemption of all of its 4,574,100 outstanding shares of 8.875% series e cumulative redeemable perpetual preferred stock (the “series e preferred stock”, and the redemption thereof, the “redemption”) held by shareholders (the “holders”). the redemption price of the shares of series e preferred stock was $25.00 per share plus accrued and unpaid dividends in respect of the series e preferred stock up to, but not including, the redemption date of july 15, 2024 (the “redemption date”, and such price, the “redemption price”). the company paid a quarterly dividend of $0.554688 per share on the series e preferred stock on july 15, 2024, immediately prior to the redemption, to holders of record as of july 12, 2024. the company funded the redemption with cash on hand.
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