MONACO--(Marketwired - Oct 4, 2016) - Costamare Inc. (the "Company") (NYSE: CMRE) has declared cash dividends of US $0.476563
per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE: CMRE PR
B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock")
(NYSE: CMRE PR C) and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D
Preferred Stock") (NYSE: CMRE PR D). The dividend for the Series B Preferred Stock, the Series C Preferred Stock and the Series D
Preferred Stock is for the period from the most recent dividend payment date, July 15, 2016, to October 14, 2016. The dividends
will be paid on October 17, 2016 to all holders of record as of October 14, 2016 of Series B Preferred Stock, Series C Preferred
Stock and Series D Preferred Stock.
The declaration of a dividend is subject to the discretion of the Board of Directors of the Company, and accordingly will
depend on, among other things, the Company's earnings, financial condition and cash requirements and availability, the Company's
ability to obtain debt and equity financing on acceptable terms as contemplated by the Company's growth strategy, the restrictive
covenants in the Company's existing and future debt instruments and global economic conditions.
About Costamare Inc.
Costamare Inc. is one of the world's leading owners and providers of containerships for charter. The Company has 42 years of
history in the international shipping industry and a fleet of 72 containerships, with a total capacity of approximately 467,000
TEU, including 10 newbuild containerships to be delivered. Eighteen of our containerships, including 10 newbuilds on order, have
been acquired pursuant to the Framework Agreement with York Capital Management by vessel-owning joint venture entities in which
we hold a minority equity interest. The Company's common stock, Series B Preferred Stock, Series C Preferred Stock and Series D
Preferred Stock trade on the New York Stock Exchange under the symbols "CMRE", "CMRE PR B", "CMRE PR C" and "CMRE PR D",
respectively.
Forward-Looking Statements
This earnings release contains "forward-looking statements". In some cases, you can identify these statements by
forward-looking words such as "believe", "intend", "anticipate", "estimate", "project", "forecast", "plan", "potential", "may",
"should", "could" and "expect" and similar expressions. These statements are not historical facts but instead represent only
Costamare's belief regarding future results, many of which, by their nature, are inherently uncertain and outside of Costamare's
control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking
statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in
Costamare Inc.'s Annual Report on Form 20-F (File No. 001-34934) under the caption "Risk Factors".