Costamare Inc. Redeems All Series E Preferred Stock
Ticker: CMRE-PC · Form: 6-K · Filed: Jul 15, 2024 · CIK: 1503584
| Field | Detail |
|---|---|
| Company | Costamare Inc. (CMRE-PC) |
| Form Type | 6-K |
| Filed Date | Jul 15, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, redemption, financing
TL;DR
Costamare just paid off all its Series E preferred stock. Done deal.
AI Summary
On July 15, 2024, Costamare Inc. announced the completion of the full redemption of all outstanding shares of its Series E Preferred Stock. This action effectively retires the Series E preferred stock, which was originally issued by the company.
Why It Matters
This redemption removes a class of preferred stock from the company's capital structure, potentially simplifying its financial obligations and impacting its balance sheet.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a completed redemption of preferred stock, with no new financial risks introduced.
Key Players & Entities
- Costamare Inc. (company) — Registrant
- Series E Preferred Stock (company) — Redeemed security
- July 15, 2024 (date) — Date of announcement and redemption completion
FAQ
What action did Costamare Inc. take regarding its Series E Preferred Stock?
Costamare Inc. completed the full redemption of all outstanding shares of its Series E Preferred Stock.
When was this redemption announced and completed?
The redemption was announced and completed on July 15, 2024.
What type of filing is this report?
This is a Form 6-K report, which is a Report of Foreign Private Issuer.
Where is Costamare Inc. headquartered?
Costamare Inc. is headquartered at 7 rue du Gabian, MC 98000 Monaco.
What is the primary business of Costamare Inc. according to the filing?
The filing lists Costamare Inc.'s Standard Industrial Classification as DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412].
Filing Stats: 162 words · 1 min read · ~1 pages · Grade level 9.1 · Accepted 2024-07-15 16:34:01
Filing Documents
- f6k_071524.htm (6-K) — 4KB
- exh_991.htm (EX-99.1) — 5KB
- 0001171843-24-003954.txt ( ) — 9KB
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: July 15, 2024 Costamare Inc. By: /s/ Gregory G. Zikos Name: Gregory G. Zikos Title: Chief Financial Officer