Dividends on the Class G preferred stock represented by the depositary shares will be cumulative from the date of original issue and will be payable, subject to declaration by our Board of Directors, quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing January 15, 2008, at the rate of 7.75% of the $2,500.00 liquidation preference per year, or $193.75 per share of our Class G preferred stock (equal to $1.9375 per year per depositary share).
Except in certain circumstances relating to the preservation of our status as a REIT, the Class G preferred stock and the depositary shares representing the Class G preferred stock are not redeemable until October 10, 2012. On or after October 10, 2012, such shares may be redeemed for cash at our option, in whole or in part, at a redemption price of $2,500.00 per share of Class G preferred stock (equal to $25.00 per depositary share), plus any accrued and unpaid dividends to the date of redemption. The Class G preferred stock and the depositary shares have no maturity date and will remain outstanding indefinitely unless redeemed.
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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 Open the KIM Information Page » |
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