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Kimco Realty Corp., 8 3/8% Class C Dep Shares Cumul Redeem Preferred Stock
Ticker Symbol: KIM-C* CUSIP: 49446R604 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 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.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Kimco Realty Corp., Depositary Shares, each representing 1/10 of a share of 8 3/8% Class C Cumulative Redeemable Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 4/15/2001 at $25 per depositary share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 8 3/8% per annum paid quarterly on 1/15, 4/15, 7/15 & 10/15. 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.
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Go to Parent Company's Record (KIM)
IPO - 4/10/1996 - 4.00 Million Shares @ $25.00/share.
Market Value $100.0 Million
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Company's Online Information Links
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| 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
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866-831-4297
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| Toll Free Phone Number |
866-831-4297 |
| CEO - David B. Henry |
CFO - Glenn G. Cohen |
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