Costamare Inc. to Hold Virtual Annual Meeting of Stockholders for 2021

Rhea-AI Summary

Costamare Inc. (NYSE: CMRE) announced its 2021 Annual Meeting will be held virtually on September 30, 2021, at 14:00 Central European Time due to COVID-19. Only stockholders of record as of August 12, 2021, can vote, and they are encouraged to submit their proxies in advance. Costamare has a fleet of 81 containerships with a capacity of approximately 581,000 TEU and 37 dry bulk vessels totaling around 1,910,000 DWT. The press release discloses forward-looking statements regarding potential future results and associated risks.

Positive

• Company operates 81 containerships with a total capacity of approximately 581,000 TEU.
• Fleet includes 37 dry bulk vessels with a total capacity of around 1,910,000 DWT.
• The company has a long history of 47 years in the international shipping industry.

Negative

• Annual Meeting is being held virtually, indicating potential ongoing challenges due to COVID-19.

MONACO, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced today that its 2021 annual meeting of the stockholders (the “Annual Meeting”) will be held virtually, moving away from an in-person meeting due to the ongoing COVID-19 pandemic.

As previously announced the Annual Meeting will be held on Thursday, September 30, 2021 at 14:00 hrs Central European Time (15:00 hrs Central European Summer Time). In light of public health concerns regarding COVID-19, the Annual Meeting will be held in a virtual meeting format only. Stockholders will not be able to attend the Annual Meeting physically.

Stockholders of record of the Company’s common stock as of the close of business on Thursday, August 12, 2021 are entitled to receive notice of, and to vote at, the Annual Meeting and at any adjournments or postponements thereof. Only stockholders of record of the Company’s common stock are entitled to vote. To be admitted to the virtual Annual Meeting at www.virtualshareholdermeeting.com/CMRE2021, stockholders must enter the control number found on the proxy materials that were issued beginning Thursday, August 26, 2021.

Whether or not stockholders plan to attend the Annual Meeting virtually, stockholders of record of the Company’s common stock are encouraged to vote and submit their proxy in advance of the meeting at www.proxyvote.com using the instructions provided with the previously issued proxy materials.

About Costamare Inc.

Costamare Inc. is one of the world's leading owners and providers of containerships for charter. The Company has 47 years of history in the international shipping industry and a fleet of 81 containerships, with a total capacity of approximately 581,000 TEU (including two secondhand vessels that we have agreed to acquire and two vessels that we have agreed to sell) and 37 dry bulk vessels with a total capacity of approximately 1,910,000 DWT (including 23 secondhand vessels that we have agreed to acquire). Five of our containerships have been acquired pursuant to the Framework Deed with York by vessel-owning joint venture entities in which we hold a minority equity interest. 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” and the Company’s Results for the Second Quarter and Six-Months Ended June 30, 2021 on Form 6-K (filed on July 28, 2021 with the SEC) under the caption “Risk Factor Update”.

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

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

FAQ

When will Costamare's 2021 Annual Meeting be held?

Costamare's 2021 Annual Meeting will be held virtually on September 30, 2021, at 14:00 Central European Time.

How can stockholders vote in the Costamare Annual Meeting?

Stockholders can vote by submitting their proxies in advance, following the instructions provided with proxy materials.

What are the key details about Costamare's fleet?

Costamare operates a fleet of 81 containerships and 37 dry bulk vessels, with total capacities of approximately 581,000 TEU and 1,910,000 DWT, respectively.

What is the significance of the record date for Costamare's Annual Meeting?

Only stockholders of record as of August 12, 2021, are entitled to vote at Costamare's Annual Meeting.