Equity Method Investments:

The companies accounted for as equity method investments, all of which are incorporated in the Marshall Islands, are as follows:

		Participation % June 30,	Date Established /Acquired
Entity	Vessel/Hull	2017
Steadman Maritime Co.	Ensenada	49%	July 1, 2013
Marchant Maritime Co.	Padma	49%	July 8, 2013
Horton Maritime Co.	Petalidi	49%	June 26, 2013
Smales Maritime Co.	Elafonisos	49%	June 6, 2013
Geyer Maritime Co.	Arkadia	49%	May 18, 2015
Goodway Maritime Co.	Monemvasia	49%	September 22, 2015
Kemp Maritime Co.	Cape Akritas	49%	June 6, 2013
Hyde Maritime Co.	Cape Tainaro	49%	June 6, 2013
Skerrett Maritime Co.	Cape Artemisio	49%	December 23, 2013
Ainsley Maritime Co.	Cape Kortia	25%	June 25, 2013
Ambrose Maritime Co.	Cape Sounio	25%	June 25, 2013
Benedict Maritime Co.	Triton	40%	October 16, 2013
Bertrand Maritime Co.	Titan	40%	October 16, 2013
Beardmore Maritime Co.	Talos	40%	December 23, 2013
Schofield Maritime Co.	Taurus	40%	December 23, 2013
Fairbank Maritime Co.	Theseus	40%	December 23, 2013
Platt Maritime Co.	Hull YZJ1206	49%	May 18, 2015
Sykes Maritime Co.	Hull YZJ1207	49%	May 18, 2015

During the year ended

December 31, 2016,

Costamare Ventures contributed

$613

to the equity of Steadman Maritime Co. During the

six

-month period ended

June 30, 2017

Costamare Ventures contributed

$693

to the equity of Steadman Maritime Co. During the year ended

December 31, 2016,

the Company received

$613

in the form of a special dividend from Horton Maritime Co. and Marchant Maritime Co. During the

six

-month period ended

June 30, 2017,

the Company received

$270

in the form of a special dividend from Horton Maritime Co.

During the

six

-month period ended

June 30, 2017,

Costamare Ventures contributed

$3,130,

in the aggregate, to the equity of Kemp Maritime Co. and Hyde Maritime Co. In

June 2016,

both companies, as joint and several borrowers, signed a loan agreement with a bank for an amount up to

$88,000,

in aggregate, to partly finance the construction cost of the

two

newbuild vessels. The Company, Costamare Ventures and York through its affiliate Bluebird Holdings L.P., participate as corporate guarantors (Note

(c)).

During the year ended

December 31, 2016,

Costamare Ventures contributed

$4,662,

in the aggregate, to the equity of Ainsley Maritime Co. and Ambrose Maritime Co. During the

six

-month period ended

June 30, 2017,

Costamare Ventures contributed

$498,

in the aggregate, to the equity of these

two

entities. In

August 2016,

these

two

companies, as joint and several borrowers, signed a loan agreement with a bank for an amount up to

$86,600,

in aggregate, to partly finance the construction cost of the

two

newbuild vessels. The Company, Costamare Ventures and York, through its affiliate Bluebird Holdings L.P., participate as corporate guarantors (Note

(c)).

During the year ended

December 31, 2016,

Costamare Ventures contributed, in aggregate,

$25,323

to Benedict Maritime Co., Bertrand Maritime Co., Beardmore Maritime Co., Schofield Maritime Co. and Fairbank Maritime Co.

December 2016,

the shareholders of Connell Maritime Co. have decided to dissolve the company. During the year ended

December 31, 2016,

Costamare Ventures contributed

$463

to the equity of Smales Maritime Co.

During the year ended

December 31, 2016,

Costamare Ventures contributed to Skerrett Maritime Co., in the aggregate,

$218.

During the

six

-month period ended

June 30, 2017

Costamare Ventures contributed

$798,

in the aggregate, to the equity of Geyer Maritime Co. and

$1,278

to the equity of Skerrett Maritime Co. Costamare Ventures also participated with a

49%

interest to the equity of Goodway Maritime Co., for the acquisition of the secondhand vessel

Monemvasia

, which was delivered in

February 2016,

by contributing, in the aggregate,

$637

during the year ended

December 31, 2015

and

$2,925

during the year ended

December 31, 2016

During the year ended

December 31, 2016,

the Company contributed, in the aggregate, the amount of

$427

to Platt Maritime Co. and Sykes Maritime Co. During the

six

-month period ended

June 30, 2017,

Costamare Ventures contributed

$649,

in the aggregate, to the equity of these

two

entities.

For the

six

-month periods ended

June 30, 2016

and

2017,

the Company recorded net loss of

$405

and net gain of

$887,

respectively on equity method investments, which are separately reflected as Equity gain / (loss) on investments in the accompanying consolidated statements of income. Costamare Ventures has provided Marchant Maritime Co., Horton Maritime Co. and Steadman Maritime Co. with certain cash advances. As of

December 31, 2016

and

June 30, 2017,

the balance due from these companies amounted to

$nil

The summarized combined financial information of the companies accounted for as equity method investment is as follows:

	December 31, 2016		June 30, 2017
Non-current assets	$	952,458	$	1,091,272
Current assets		35,993		62,546
Total assets	$	988,451	$	1,153,818

Current liabilities	$	39,428	$	54,421

	Six-month periods ended June 30,
	2016			2017
Voyage revenue		10,333			55,065
Net income / (loss)	$	(966	)	$	2,721