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COSTAMARE INC . REPORTS RESULTS FOR THE SECOND QUARTER AND THE SIX - MONTH PERIOD ENDED JUNE 30 , 2021 Monaco , July 28 , 2021 Costamare Inc. ( “ Costamare " or the " Company " ) ( NYSE : CMRE ) today reported unaudited financial results for the second quarter ( “ Q2 2021 ” ) and six - months ended June 30 , 2021 . I. ● II . ● ● COSTAMARE INC . - ● III . NEW CHARTER ARRANGEMENTS 10 new or extended container vessel charters since last quarter including the forward fixture of the two 2006 - built , 9,469 TEU vessels Cosco Guangzhou and Cosco Ningbo for 3 years at a daily rate of $ 72,700 , with estimated delivery to the new charterer in between the second and third quarters of 2022. The current daily rate for these vessels is $ 30,900 . 7 new dry bulk vessel charters . ● PROFITABILITY Q2 2021 Net Income available to common stockholders of $ 82.8 million . Q2 2021 Earnings per Share of $ 0.67 . Q2 2021 Adjusted Net Income available to common stockholders ( 1 ) of $ 58.3 million . Q2 2021 Adjusted Earnings per Share ( ¹ ) of $ 0.47 . SALE AND PURCHASE ACTIVITY Agreed to acquire an additional 21 dry bulk vessels . Total fleet of 37 committed dry bulk vessels , 14 of which have been delivered . Delivered the 1996 - built , 1,504 TEU containership Prosper to her new owners . The sale resulted in a capital gain of $ 1.7 million . IV . NEW DEBT FINANCING AND CAPITAL STRUCTURE New agreements for the financing of containerships since last quarter for an aggregate amount of $ 261.6 million . New agreements for the financing of dry bulk vessels since last quarter for an aggregate amount of $ 389 million including two hunting license bank facilities totaling $ 245 million . New commitment in the form of a hunting license facility for the financing of the acquisition of dry bulk vessels for an aggregate amount of $ 150 million with a European financial institution , which is subject to documentation . Liquidity of $ 353.8 million as of the end of Q2 2021 ( including our share of cash amounting to $ 4.9 million held in companies co - owned with York Capital ) , which coupled with the $ 210.8 million of undrawn funds from the two recently signed hunting license bank facilities amounts to $ 564.6 million . ( 1 ) Adjusted Net Income available to common stockholders and respective per share figures are non GAAP measures and should not be used in isolation or as substitutes for Costamare's financial results presented in accordance with U.S. generally accepted accounting principles ( " GAAP " ) . For the definition and reconciliation of these measures to the most directly comparable financial measure calculated and presented in accordance with GAAP , please refer to Exhibit I. 1