Costamare Inc. to Redeem Series E Preferred Stock
Ticker: CMRE-PC · Form: 6-K · Filed: Jun 14, 2024 · CIK: 1503584
| Field | Detail |
|---|---|
| Company | Costamare Inc. (CMRE-PC) |
| Form Type | 6-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, redemption, financing
TL;DR
Costamare is calling back all its Series E preferred stock on June 28th for $25/share + dividends.
AI Summary
Costamare Inc. announced on June 14, 2024, the full redemption of its outstanding Series E Preferred Stock. The redemption price for each share will be $25.00, plus any accrued and unpaid dividends up to, but not including, the redemption date of June 28, 2024.
Why It Matters
This redemption will simplify Costamare's capital structure and potentially reduce its future dividend obligations.
Risk Assessment
Risk Level: low — The filing is a straightforward announcement of a planned redemption of preferred stock, with no immediate financial distress indicated.
Key Numbers
- $25.00 — Redemption Price (Price per share for Series E Preferred Stock redemption)
Key Players & Entities
- Costamare Inc. (company) — Registrant
- Series E Preferred Stock (security) — Stock being redeemed
- $25.00 (dollar_amount) — Redemption price per share
- June 14, 2024 (date) — Announcement date
- June 28, 2024 (date) — Redemption date
FAQ
What is the total cost of the redemption for Costamare Inc.?
The filing does not specify the total number of outstanding Series E Preferred Shares, so the total redemption cost cannot be determined from this document.
What is the redemption date for the Series E Preferred Stock?
The redemption date is June 28, 2024.
What is the redemption price per share?
The redemption price is $25.00 per share, plus any accrued and unpaid dividends.
What type of filing is this?
This is a Form 6-K filing, which is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
What is the purpose of this filing?
The purpose of this filing is to announce the full redemption of Costamare Inc.'s outstanding Series E Preferred Stock.
Filing Stats: 162 words · 1 min read · ~1 pages · Grade level 8.8 · Accepted 2024-06-14 16:40:20
Filing Documents
- f6k_061424.htm (6-K) — 4KB
- exh_991.htm (EX-99.1) — 5KB
- 0001171843-24-003446.txt ( ) — 10KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: June 14, 2024 Costamare Inc. By: /s/ Gregory G. Zikos Name: Gregory G. Zikos Title: Chief Financial Officer