Costamare Inc. Files $300M Shelf Registration Statement
Costamare Inc. (NYSE: CMRE) announced today that it has filed a shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission. The registration statement only covers new issuances by the Company. It is not available for sales by members of the Konstantakopoulos family, the principal stockholders of the Company, as they do not have any current intention to sell their shares.
The shelf registration statement, when declared effective by the SEC, will give the Company the ability to offer and sell up to $300,000,000 of its securities consisting of common stock, preferred stock, debt securities, warrants, rights and units. After the shelf registration statement becomes effective, the Company may offer and sell such securities from time to time and through one or more methods of distribution, subject to market conditions and the Company's capital needs.
The terms of any offering under the shelf registration statement will be established at the time of such offering and will be described in a prospectus supplement filed with the SEC prior to completion of the offering.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.