CMRE - Mergers and acquisitions

MONACO, June 14, 2021 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE) announced today the acquisition of 16 dry bulk vessels of between 33,000 and 85,000 DWT, with an average age of 10 years.  The vessels are currently operating in the spot market.  Two of the ships have been delivered with the rest of the vessels expected to be delivered latest by January 2022. Gregory Zikos, Chief Financial Officer of the Company, said: "We are pleased to announce the acquisition of dry bulk vessels. We have decided to invest in a liquid sector with strong fundamentals that provide enhanced return opportunities for our shareholders. The ships will be managed through our existing platform

MONACO, April 26, 2021 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE) announced today the acquisition of York Capital's 60% equity interest, on average, in five 11,000 TEU containerships, four of which were built in 2017 and one of which was built in 2016. The acquisition brings the Company's ownership interest in these five vessels to 100%. The five vessels were initially contracted as new buildings in 2013 and 2015 under the joint venture with York Capital. The vessels currently operate under long-term charters, with four of them expiring in 2031 and the fifth one in 2025. The acquisition has been funded with cash at hand and commercial bank debt provided by leading Eur