Costamare Inc. Price & Performance (CMRE-PC)

Costamare Inc. will distribute one share of the newly formed Costamare Bulkers Holdings for every five shares held as of April 29, 2025. The spin-off, set for May 6, aims to create two focused shipping companies, with Costamare Bulkers debuting on the NYSE under 'CMDB' on May 7.123

Costamare’s board has approved the dry bulk business spin-off, allowing the company to concentrate on container shipping while Costamare Bulkers targets dry bulk operations. This move is designed to unlock value and enable tailored strategies for each segment, reflecting a growing trend in maritime corporate restructuring.456

Key trading dates for Costamare’s spin-off include 'due-bill' trading from April 29 and 'when-issued' trading for Costamare Bulkers starting May 1. Regular trading under 'CMDB' begins May 7. Shareholders are advised to monitor their holdings closely to avoid confusion during this transition period.314