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Kimco Realty Corp | 5.625% Class K Cumulative Redeemable Preferred Stock (KIM.PRK)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering and selling 7,000,000 of our depositary shares, each of which represents a 1/1000 interest in a share of our Class K cumulative redeemable preferred stock that we have deposited with Wells Fargo Bank, N.A. as depositary. We will receive the net proceeds from the sale of the depositary shares. As a holder of a depositary share, you will be entitled to proportional rights and preferences as if you held 1/1000 of a share of our Class K preferred stock.

Dividends on the Class K preferred stock represented by the depositary shares will be cumulative from, and including, 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 April 15, 2013, at the rate of 5.625% of the $25,000.00 liquidation preference per year, or $1,406.25 per share of our Class K preferred stock (equal to $1.40625 per year per depositary share).

Except in certain circumstances relating to the preservation of our status as a real estate investment trust (“REIT”), the Class K preferred stock and the depositary shares representing the Class K preferred stock are not redeemable until December 7, 2017. On or after December 7, 2017, we may redeem the Class K 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 K 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 K 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 », KIM Page »

Series:K
Alternate symbology:KIM-K, KIM-PK, KIMprK
Redeemable?:Yes
Call Date:12/7/2017 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:7,000,000
Overallotment:1,050,000
Liquidation Preference:$25
Original Coupon:5.63%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
Kimco Realty is a self-administered real estate investment trust. Co. and its subsidiaries are engaged principally in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by grocery stores, off-price retailers, discounters or service-oriented tenants. Additionally, Co. provides complementary services on its retail real estate capabilities. 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.PRJ, KIM.PRG.CL, KIM.PRH, KIM.PRF.CL, KIM.PRI, KIM.PRK, KIM.PRM, KIM.PRL


Open the KIM Information Page »
Name:  Kimco Realty Corp
Website:  www.kimcorealty.com
Sector:  REITs
Number of ETFs Holding KIM:  88 (see which ones)
Total Market Value Held by ETFs:  $1,667,256,193
Total Market Capitalization:  $8,888,000,000
% of Market Cap. Held by ETFs:  18.76%

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