Ru Back Packer

Quotes delayed 20 minutes



If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Free Preferred Stock Newsletter
Gain access to weekly reports with featured preferred stock screens, new preferred stock offerings, and more.

Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 5:13 AM

Slide #264. Costamare Inc. Preferred Stock Offering

Company: Costamare Inc. (NYSE:CMRE)
Date announced: 1/13/2014
Shares Offered: 4,000,000
Date of Pricing: 1/14/2014
Price Per Share: $25.00
Preferred Stock Offering Details: Costamare Inc. announced that it plans to offer its Series C Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share, liquidation preference $25.00 per share (the "Series C Preferred Stock") to the public. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase additional shares of the Series C Preferred Stock. Following the offering, the Company intends to file an application to list the Series C Preferred Stock on the New York Stock Exchange. - updated 1/14 - Costamare Inc. (the "Company") (NYSE:CMRE) announced today that its offering of 4,000,000 shares of its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share, liquidation preference $25.00 per share (the "Series C Preferred Stock"), was priced at $25.00 per share. The gross proceeds from the offering before the underwriting discount and other offering expenses are expected to be $100,000,000. The Company has also granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of the Series C Preferred Stock. Dividends will be payable on the Series C Preferred Stock at a rate of 8.50% per annum of the stated liquidation preference. Following the offering, the Company intends to file an application to list the Series C Preferred Stock on the New York Stock Exchange.

Costamare is an international owner of containerships. Co. is engaged in chartering vessels to many of the world's liner companies. As of Mar. 10, 2017, Co. has a fleet of 69 containerships with a total capacity in excess of 456,000 twenty foot equivalent units (TEUs). Co.'s strategy is to time charter its containerships to a geographically diverse, financially strong and loyal group of liner companies. Co.'s containerships operate primarily under multi-year charters and therefore are not subject to the effect of seasonal variations in demand. Some of Co.'s customers are A.P. Moller-Maersk, MSC, Evergreen, Hapag Lloyd and COSCO.

Preferreds: CMRE.PRB, CMRE.PRC, CMRE.PRD


Open the CMRE Page at Ru Back Packer »

Name: Costamare Inc
Website: costamare.com
Sector: Shipping
Number of ETFs Holding CMRE: 11 (see which ones)
Total Market Value Held by ETFs: $21,102,609
Total Market Capitalization: $618,000,000
% of Market Cap. Held by ETFs: 3.41%

Open the CMRE Page at Ru Back Packer (in a new window) »

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference

The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500

Preferred Stock Offerings - Slide 264 of 414 | rubackpacker.com | Copyright © 2011 - 2018, All Rights Reserved