Costamare(CMRE) Globenewswire·2025-03-31 12:16Core Viewpoint - Costamare Inc. is set to spin off its dry bulk business into a new entity, Costamare Bulkers, with an Analyst and Investor Day scheduled for April 9, 2025, to discuss the new company's operations and strategic outlook [1][2][3]. Group 1: Spin-Off Details - The spin-off will create a standalone company, Costamare Bulkers, which will manage Costamare Inc.'s dry bulk vessels and the CBI operating platform [1][3]. - The board of Costamare Inc. believes that the separation will unlock inherent value and provide unique growth prospects for both companies [3][4]. - The shares of Costamare Bulkers are expected to be listed on the New York Stock Exchange, with the spin-off targeted for completion within the current calendar year, pending regulatory approvals [4]. Group 2: Management and Presentation - The Analyst and Investor Day will feature discussions led by Gregory Zikos, who serves as both CEO and CFO of Costamare Inc., along with other key executives [1][2][7]. - The agenda will cover Costamare Bulkers' core business, investment highlights, and strategic outlook, followed by a Q&A session [2]. Group 3: Company Overview - Costamare Inc. is a prominent owner and provider of containerships and dry bulk vessels, with a fleet of 68 owned containerships and 38 owned dry bulk vessels [5]. - The total capacity of the containership fleet is approximately 513,000 TEU, while the dry bulk vessels have a total capacity of about 3,016,000 DWT [5].