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Costamare's 7.625% series B preferreds admitted to trading on NYSE
By Tali David
Minneapolis, Aug. 7 - Costamare Inc.'s 7.625% series B cumulative redeemable perpetual preferred stock has been admitted to trading on the New York Stock Exchange, according to a notice.
The preferreds trade under the symbol "CMRE PRB."
The company priced $50 million of the preferreds on July 30.
As previously reported, Morgan Stanley & Co. LLC, BofA Merrill Lynch and Credit Suisse Securities (USA) LLC are the joint bookrunning managers.
Proceeds will be used for general corporate purposes, including vessel acquisitions or investments.
Costamare is an Athens, Greece-based international shipping company.
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