Costamare Inc. Announces Availability of Its Annual Report on Form 20-F for the Year Ended December 31, 2022

Rhea-AI Summary

Costamare Inc. (NYSE: CMRE) has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission. The report is accessible on the Company’s website in the Investors section. Stockholders may request a hard copy with the complete audited financial statements at no charge. Costamare, a leader in the shipping industry, operates a fleet of 71 containerships and 44 dry bulk vessels, with a total capacity of approximately 524,000 TEU and 2,404,000 DWT, respectively. The release includes forward-looking statements, cautioning that actual results may vary significantly.

Positive

• Filed Annual Report on Form 20-F for FY 2022, ensuring compliance with SEC regulations.
• Fleet includes 71 containerships and 44 dry bulk vessels, demonstrating significant market presence.
• Total fleet capacity of approximately 524,000 TEU and 2,404,000 DWT, reflecting operational capability.

Negative

• Forward-looking statements indicate uncertainty about future results, which may affect investor confidence.

MONACO, April 03, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”, “we” or “our”) (NYSE: CMRE) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (the “Annual Report”) has been filed with the U.S. Securities and Exchange Commission and can be accessed on the Company’s website, www.costamare.com, in the “Investors” section under “Annual Reports”.

Stockholders may also request a hard copy of the Annual Report, which includes the Company’s complete 2022 audited financial statements, free of charge, by contacting the Company’s investor relations manager at ir@costamare.com.

About Costamare Inc.

Costamare Inc. is one of the world's leading owners and providers of containerships and dry bulk vessels for charter. The Company has 49 years of history in the international shipping industry and a fleet of 71 containerships, with a total capacity of approximately 524,000 TEU and 44 dry bulk vessels with a total capacity of approximately 2,404,000 DWT (including one vessel that we have agreed to sell). Four of our containerships have been acquired pursuant to the Framework Deed with York by vessel-owning joint venture companies in which we hold a minority equity interest. The Company also has a dry bulk operating platform which charters in/out dry bulk vessels, enters into contracts of affreightment and utilizes forward freight agreements and other derivative instruments as hedging solutions and to take a position on the market. The Company’s common stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock trade on the New York Stock Exchange under the symbols “CMRE”, “CMRE PR B”, “CMRE PR C”, “CMRE PR D” and “CMRE PR E”, 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”.

Company Contacts:
Gregory Zikos - Chief Financial Officer
Konstantinos Tsakalidis - Business Development, Investor Relations

Costamare Inc., Monaco
Tel: (+377) 93 25 09 40
Email: ir@costamare.com

FAQ

What is the significance of Costamare's Annual Report filed on April 3, 2023?

The filing of the Annual Report on Form 20-F ensures regulatory compliance and provides investors with key financial and operational updates for FY 2022.

How many vessels does Costamare operate?

Costamare operates a fleet of 71 containerships and 44 dry bulk vessels, showcasing a robust shipping capacity.

What is the total capacity of Costamare's fleet?

The total capacity of Costamare's fleet is approximately 524,000 TEU for containerships and 2,404,000 DWT for dry bulk vessels.

Where can I find Costamare's 2022 audited financial statements?

Costamare's 2022 audited financial statements are available in the Investors section of its website or by requesting a hard copy.

What risks are associated with Costamare according to its Annual Report?

The Annual Report discusses various risk factors that could materially affect future results, emphasizing the inherent uncertainties in forward-looking statements.