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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Saturday, November 28, 4:51 PM

Slide #365. Costamare Inc. Preferred Stock Offering

Company: Costamare Inc. (NYSE:CMRE)
Date announced: 1/13/2014
Shares Offered: 4,000,000
Date of Pricing: 1/14/2014
Price Per Share: $25.00
Preferred Stock Offering Details: Costamare Inc. announced that it plans to offer its Series C Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share, liquidation preference $25.00 per share (the "Series C Preferred Stock") to the public. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase additional shares of the Series C Preferred Stock. Following the offering, the Company intends to file an application to list the Series C Preferred Stock on the New York Stock Exchange. - updated 1/14 - Costamare Inc. (the "Company") (NYSE:CMRE) announced today that its offering of 4,000,000 shares of its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share, liquidation preference $25.00 per share (the "Series C Preferred Stock"), was priced at $25.00 per share. The gross proceeds from the offering before the underwriting discount and other offering expenses are expected to be $100,000,000. The Company has also granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of the Series C Preferred Stock. Dividends will be payable on the Series C Preferred Stock at a rate of 8.50% per annum of the stated liquidation preference. Following the offering, the Company intends to file an application to list the Series C Preferred Stock on the New York Stock Exchange.

Costamare is an international owner of containerships. Co.'s customers in the containership sector consist of a number of liner companies.

Preferreds: CMRE.PRB, CMRE.PRC, CMRE.PRD, CMRE.PRE


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Name:  Costamare Inc
Website:  www.costamare.com
Sector:  Shipping
Number of ETFs Holding CMRE:  10 (see which ones)
Total Market Value Held by ETFs:  $19,682,214
Total Market Capitalization:  $816,000,000
% of Market Cap. Held by ETFs:  2.41%
 

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