Costamare(CMRE) GlobeNewswire·2025-04-08 17:23Core Viewpoint - Costamare Inc. is set to spin off its dry bulk business into a new entity named Costamare Bulkers, which aims to unlock value and enhance growth prospects for both companies [5][6]. Group 1: Conference Call and Webcast Details - A virtual Analyst and Investor Day conference call will be held on April 9, 2025, at 9:00 a.m. ET, hosted by the incoming management team of Costamare Bulkers [1][2]. - Participants can join the call by dialing in 10 minutes prior to the start time using designated numbers for the US, UK, and international callers [2]. - A replay of the conference call will be available until April 16, 2025, with specific numbers provided for access [3]. Group 2: Spin-Off Information - The spin-off of Costamare Bulkers is expected to be completed within the current calendar year, pending regulatory approvals and final board approval [6]. - Costamare Bulkers will be listed on the New York Stock Exchange, indicating a significant step in the company's strategic restructuring [6]. Group 3: Company Overview - Costamare Inc. has a long-standing history of 51 years in the international shipping industry, owning 68 containerships with a total capacity of approximately 513,000 TEU and 38 dry bulk vessels with a total capacity of about 3,016,000 DWT [7]. - The company also operates a dry bulk platform (CBI) that engages in various chartering and freight agreements, enhancing its operational capabilities [7].