|
Kimco Realty Corp., 7 3/4% Class A Dep Shares Cumul Redeem Preferred Stock
Ticker Symbol: KIM-A* CUSIP: 49446R307 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/09/2003
Security has been Called for: Monday, June 9, 2003
May 8, 2003 Kimco Realty Corporation (NYSE: KIM) today announced that it will all 4,000,000 outstanding depositary shares of the Company’s 8 3/8% Class C Cumulative Redeemable Preferred Stock, at the redemption price of $25.00 per depositary share plus accrued and unpaid dividends. In addition, they will redeem all 3,000,000 outstanding depositary shares of the Company’s 7 3/4% Class A Cumulative Redeemable Preferred Stock (the “Class A Preferred Stock,” NYSE:KIMprA), par value $1.00 per share. Kimco’s Board of Directors has set June 9, 2003 as the redemption date on which all outstanding depositary shares of Class A and Class C Preferred Stock will be redeemed. Holders of the Class A depositary shares will receive cash consideration of $25.00 per depositary share plus 12.9167 cents per depositary share representing accrued and unpaid dividends on the redemption date. Holders of the Class C depositary shares will receive cash consideration of $25.00 per depositary share plus 31.4070 cents per depositary share representing accrued and unpaid dividends on the redemption date. Dividends will cease to accrue on the Class A and Class C Preferred Stock as of the redemption date.
|
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Kimco Realty Corp., Depositary Shares, each representing 1/10 of a share of 7 3/4% Class A Cumulative Redeemable Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 9/23/1998 at $25 per depositary share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 7 3/4% per annum paid quarterly on 2/15, 5/15, 8/15 & 11/15. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company.
|
Go to Parent Company's Record (KIM)
IPO - 11/5/1993 - 3.00 Million Shares @ $25.00/share.
Market Value $75.5 Million
|
Company's Online Information Links
|
| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 3333 New Hyde Park Road, New Hyde Park, NY 11042 |
| Main Phone Number |
516-869-9000 |
| Fax Number |
516-869-7133 |
| Investor Relations
David F. Bujnicki
|
866-831-4297
|
| Toll Free Phone Number |
866-831-4297 |
| CEO - David B. Henry |
CFO - Glenn G. Cohen |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
