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Kimco Realty Corp., 5.625% Dep Shares Class K Cumul Redeem Preferred Stock
Ticker Symbol: KIM-K* CUSIP: 49446R745 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/23/2019
Security has been Called for: Saturday, September 14, 2019
On August 15, 2019, the company announced that it will redeem (i) all 7,000 shares of its issued and outstanding Class I Preferred Stock and all 7,000,000 depositary shares representing the Class I Preferred Stock (NYSE: KIMprI – CUSIP No. 49446R 794), representing an aggregate liquidation value of $175 million, and (ii) all 7,000 shares of its issued and outstanding Class K Preferred Stock and all 7,000,000 depositary shares representing the Class K Preferred Stock (NYSE: KIMprK – CUSIP No. 49446R 745), representing an aggregate liquidation value of $175 million, in each case, on September 14, 2019. The Class I Preferred Stock will be redeemed at the redemption price of $25,000.00 per share, plus $245.833 in accrued and unpaid dividends on each share, and the Class I Depositary Shares will be redeemed at the redemption price of $25.00 per depositary share, plus $0.24583 in accrued and unpaid dividends on each share. The Class K Preferred Stock will be redeemed at the redemption price of $25,000.00 per share, plus $230.468 in accrued and unpaid dividends on each share, and the Class K Depositary Shares will be redeemed at the redemption price of $25.00 per depositary share, plus $0.23047 in accrued and unpaid dividends on each share. Dividends will cease to accrue on the Class I Shares and the Class K Shares as of the Redemption Date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Kimco Realty Corp., 5.625% Depositary Shares each representing a 1/1000 interest in a share of the Class K Cumulative Redeemable Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 12/7/2017 at $25 per depositary share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 5.625% per annum ($1.40625 per annum or $0.3515625 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be the first calendar day of the month in which the payment is due or on the record 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 one business day prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, 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 - 11/28/2012 - 7.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: KIMLL Changed: 12/12/2012
Market Value $175.0 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 - Conor C. Flynn |
CFO - Glenn G. Cohen |
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