Costamare Files Shelf

On Monday, Costamare Inc. filed a shelf registration on Form F-3, which covers only new issuances by the company and not secondary issues by the principals who have no current intention to sell. When effective, the company will be able to offer up to $300 million of its securities including common stock, preferred stock, debt securities, warrants, rights and units. Proceeds of any offerings will be used for general corporate purposes which may include among other things: future vessel acquisitions, additions to working capital and the repayment of indebtedness. As they say, “dry powder.”

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