Dividends on the Class I preferred stock represented by the depositary shares will be cumulative from the date of original issue and will be payable, subject to authorization by our Board of Directors, quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing July 15, 2012, at the rate of 6.00% of the $25,000.00 liquidation preference per year, or $1,500.00 per share of our Class I preferred stock (equal to $1.50 per year per depositary share).
Except in certain circumstances relating to the preservation of our status as a real estate investment trust (ÙREITˆ), the Class I preferred stock and the depositary shares representing the Class I preferred stock are not redeemable until March 20, 2017. On or after March 20, 2017, we may redeem the Class I preferred stock (and cause the redemption of the depositary shares) for cash at our option, in whole or in part, at a redemption price of $25,000.00 per share of Class I preferred stock (equal to $25.00 per depositary share), plus any accrued and unpaid dividends, if any, to, but excluding, the date of redemption. The Class I preferred stock and the depositary shares have no maturity date and will remain outstanding indefinitely unless redeemed or otherwise repurchased by us.
Full Prospectus PDF », Secondary Prospectus PDF », KIM Page »
|
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 » |
|
|
Free Email Alerts: Get Dividend Alerts Get SEC Filing Alerts |
|