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Costamare Preferreds Falling

Just a note that the 4 preferred issues from container ship owner Costamare (CMRE) are tumbling.

Shares went ex-dividend ex dividend on the 13th–and have just continued to move lower. The high yield issues are now $1 lower since ex date.

A quick scan and I don’t see real news out there (although there may be some), but I think it is more likely simply a sell off on valuation.

Their 4 issues can be seen here.

For those with risk tolerance there may be opportunity here.

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