PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tue, April 23, 12:24 PM
| This Slide: #573 of 620 |
Slide #573. Kimco Realty Corporation — Preferred Stock Offering
Company:
Kimco Realty Corporation (NYSE:KIM)
Date announced:
11/28/2012
Shares Offered:
7,000,000
Preferred Stock Offering Details:
Kimco Realty Corporation announced the sale of 7,000,000 depositary shares, each representing a 1/1000 fractional interest in a share of the company's 5.625% Class K Cumulative Redeemable Preferred Stock, $1.00 par value per share. These depositary shares, priced at $25.00 per depositary share, entitle holders of each depositary share to a 5.625% cumulative dividend, or $1.40625 per annum, are not convertible into common stock and are redeemable at par at the option of the company on and after December 7, 2017.
Kimco Realty is a self-administered real estate investment trust. Co. is engaged principally in the ownership, management, development and operation of open-air shopping centers, which are anchored primarily by grocery stores, off-price retailers, discounters or service-oriented tenants. Additionally, Co. provides complementary services that capitalize on Co.'s established retail real estate capability. Co.'s ownership interests in real estate consist of its consolidated portfolio and portfolios where Co. owns an economic interest, such as properties in Co.'s investment real estate management programs, where Co. partners with institutional investors and also retains management.
Preferreds: KIM.PRF, KIM.PRG, KIM.PRH, KIM.PRI, KIM.PRJ, KIM.PRK, KIM.PRL, KIM.PRM
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Avg. Broker Rec.
 
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Buy (2.95 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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