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    Clement MullinsValue Investors Edge

    Clement Mullins's questions to Costamare Inc (CMRE) leadership

    Clement Mullins's questions to Costamare Inc (CMRE) leadership • Q2 2025

    Question

    Clement Mullins of Value Investors Edge asked for an update on the Neptune Maritime Leasing venture, its development, and the potential for increased investment. He also questioned if the post-spin-off focus would alter shareholder return policies, such as dividends or share repurchases.

    Answer

    CFO & Director Gregory Zikos reported that the Neptune Maritime Leasing platform is progressing well, having committed to or funded 47 assets and deployed nearly 90% of its initial capital. Regarding shareholder returns, Mr. Zikos stated the dividend policy is a Board decision and is independent of the spin-off. He emphasized that while options are periodically reviewed, the company currently prioritizes deploying capital into accretive new business over one-off dividends or buybacks.

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    Clement Mullins's questions to Star Bulk Carriers Corp (SBLK) leadership

    Clement Mullins's questions to Star Bulk Carriers Corp (SBLK) leadership • Q3 2024

    Question

    Clement Mullins asked about the company's fleet strategy, specifically the trade-off between chartering-in vessels on long-term agreements versus purchasing them, particularly in a market with elevated asset values.

    Answer

    Executive Hamish Norton clarified that with the company's stock trading below its net asset value, the priority for capital is share buybacks, not cash purchases of vessels. CEO Petros Pappas added that they view chartering-in as an opportunistic strategy, pursued only when rates are attractive and make financial sense, leveraging their strong relationships with vessel owners.

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