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Kimco Realty Corp., 7.75% Class G Dep Shares Cumul Redeem Preferred Stock
Ticker Symbol: KIM-G* CUSIP: 49446R844 Exchange: NYSE
* NOTE: This security is no longer trading as of 10/23/2012
Security has been Called for: Wednesday, October 10, 2012
8/15/2012 -- Kimco Realty Corp. (KIM), North America’s largest owner and operator of neighborhood and community shopping centers, today announced that it will redeem all 18,400,000 outstanding depositary shares of the Company's 7.75% Class G Cumulative Redeemable Preferred Stock, $1.00 par value per share (NYSE: KIMPRG – CUSIP no. 49446R844), on October 10, 2012. The Class G Preferred Stock will be redeemed at the redemption price of $25.00 per depositary share plus $0.457465 in accumulated and unpaid dividends. Dividends will cease to accrue on the Class G Preferred Stock as of the Redemption Date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Kimco Realty Corp., Depositary Shares, each representing 1/100 of a share of 7.75% Class G Cumulative Redeemable Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 10/10/2012 at $25 per depositary share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 7.75% ($1.9375) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the first day of the month in which the payment is due or on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. 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. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (KIM)
IPO - 10/2/2007 - 16.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: KMRLP Changed: 10/18/2007
Market Value $400.0 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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