Costamare Inc. Declares Quarterly Dividend on Its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock
January 02 2014 - 3:05PM
Marketwired
Costamare Inc. Declares Quarterly Dividend on Its 7.625% Series B
Cumulative Redeemable Perpetual Preferred Stock
ATHENS, GREECE--(Marketwired - Jan 2, 2014) - Costamare Inc.
(the "Company") (NYSE: CMRE) has declared a cash dividend of US
$0.476563 per share on its 7.625% Series B Cumulative Redeemable
Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE:
CMRE PR B) for the period from October 15, 2013 to January 14,
2014. The dividend will be paid on January 15, 2014 to all Series B
Preferred Stock holders of record as of January 14, 2014.
The declaration of a dividend is subject to the discretion of
the Board of Directors of the Company, and accordingly will depend
on, among other things, the Company's earnings, financial condition
and cash requirements and availability, the Company's ability to
obtain debt and equity financing on acceptable terms as
contemplated by the Company's growth strategy, the restrictive
covenants in the Company's existing and future debt instruments and
global economic conditions.
About Costamare Inc.
Costamare Inc. is one of the world's leading owners and
providers of containerships for charter. The Company has 39
years of history in the international shipping industry and a fleet
of about 60 containerships, with a total capacity in excess of
350,000 TEU, including five newbuild containerships on
order. Five of our containerships, including two newbuilds,
have been acquired pursuant to the Framework Agreement with York
Capital Management by vessel-owning joint venture entities in which
we hold a 49% equity interest. The Company's common stock and
Series B Preferred Stock trade on the New York Stock Exchange under
the symbols "CMRE" and "CMRE PR B", respectively.
Forward-Looking Statements
This press release contains "forward-looking statements". In
some cases, you can identify these statements by forward-looking
words such as "believe", "intend", "anticipate", "estimate",
"project", "forecast", "plan", "potential", "may", "should",
"could" and "expect" and similar expressions. These statements are
not historical facts but instead represent only the Company's
belief regarding future results, many of which, by their nature,
are inherently uncertain and outside of the Company's control. It
is possible that actual results may differ, possibly materially,
from those anticipated in these forward-looking statements. For a
discussion of some of the risks and important factors that could
affect future results, see the discussion in the Company's Annual
Report on Form 20-F (File No. 001-34934) under the caption "Risk
Factors".
Contacts: Company: Gregory Zikos Chief Financial Officer
Konstantinos Tsakalidis Business Development Costamare Inc.,
Athens, Greece Tel: (+30) 210-949-000 Email: Email Contact Investor
Relations: Gus Okwu Allison+Partners, New York Telephone: (+1)
646-428-0638 Email: Email Contact
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