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Costamare Inc | 8.875% SERIES E CUMULATIVE REDEEMABLE PERPETUAL (CMRE.PRE)
Prospectus excerpt: We are offering 4,600,000 shares of our 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share, liquidation preference $25.00 per share (the ÙSeries E Preferred Stockˆ). Members of the Konstantakopoulos family, who in the aggregate own a majority of our common stock, have agreed to purchase $7,500,000 of our Series E Preferred Stock in this offering at the public offering price. Dividends on the Series E Preferred Stock are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of January, April, July and October of each year, when, as and if declared by our board of directors. The initial dividend on the Series E Preferred Stock offered hereby will be payable on April 15, 2018. Dividends will be payable out of amounts legally available therefor at a rate equal to 8.875% per annum of the stated liquidation preference. Full Prospectus PDF », Secondary Prospectus PDF », CMRE Page »
Series: | E | Alternate symbology: | CMRE-E, CMRE-PE, CMREprE | Redeemable?: | Yes | Call Date: | 1/30/2023 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 4,600,000 | Overallotment: | 686,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $26.16 | Premium to Liquidation Preference: (More Preferreds Trading at a Premium ») | $1.16 (4.64%) | Annualized Dividend: | 2.218752 | Recent Ex-Date: | 4/11/2024 | Current Yield: | 8.48% | Original Coupon: | 8.875% | Pay Period: | Quarterly | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct | CDx3 Compliance Rating: |
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Costamare is a holding company. Through its subsidiaries, Co. is an international owner of containerships, chartering its vessels to liner companies. Co.'s containerships have low unscheduled off-hire days, with fleet utilization levels, excluding scheduled dry dockings. Co.'s vessels are managed by Costamare Shipping Company S.A. (Costamare Shipping) which is controlled by Co.'s chairman and chief executive officer. Costamare Shipping may subcontract certain services to other affiliated managers, or to V.Ships Greece Ltd. or, subject to Co.'s consent, to other third party sub-managers. Preferreds: CMRE.PRB, CMRE.PRC, CMRE.PRD, CMRE.PRE Open the CMRE Information Page »
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Name: |
Costamare Inc |
Website: |
www.costamare.com |
Sector: |
Shipping |
Number of ETFs Holding CMRE: |
12 (see which ones) |
Total Market Value Held by ETFs: |
$33,995,951 |
Total Market Capitalization: |
$1,366,000,000 |
% of Market Cap. Held by ETFs: |
2.49% |
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