Market Overview

Kimco Realty Announces Redemption of its 6.875% Senior Notes due 2019


Kimco Realty Corp. (NYSE:KIM), today announced that it will redeem
$300,000,000 aggregate principal amount of its 6.875% Senior Notes due
2019 (CUSIP No. 49446R AJ8) (the "Senior Notes"), representing all
outstanding Senior Notes, on August 23, 2018 (the "Redemption Date").
The Senior Notes were issued pursuant to an Indenture, dated as of
September 1, 1993 (the "Base Indenture"), between Kimco and The Bank of
New York Mellon (as successor in interest to IBJ Schroder Bank & Trust
Company), as trustee (the "Trustee"), as supplemented and amended by the
First Supplemental Indenture, dated as of August 4, 1994 (the "First
Supplemental Indenture"), the Second Supplemental Indenture, dated as of
April 7, 1995 (the "Second Supplemental Indenture"), the Third
Supplemental Indenture, dated as of June 2, 2006 (the "Third
Supplemental Indenture"), the Fourth Supplemental Indenture, dated as of
April 26, 2007 (the "Fourth Supplemental Indenture"), and the Fifth
Supplemental Indenture, dated as of September 24, 2009 (the "Fifth
Supplemental Indenture" and, together with the Base Indenture, the First
Supplemental Indenture, the Second Supplemental Indenture, the Third
Supplemental Indenture and the Fourth Supplemental Indenture, the
"Indenture"), in each case entered into between Kimco and the Trustee.
Pursuant to the terms of the Senior Notes, the redemption price (the
"Redemption Price") shall be equal to the greater of (i) 100% of the
aggregate principal amount of the Senior Notes to be redeemed and (ii)
the sum, as determined by an independent investment banker to be
appointed by Kimco, of the remaining scheduled payments of principal and
interest in respect of the Senior Notes being redeemed (exclusive of any
interest accrued to, but excluding, the Redemption Date) discounted to
the Redemption Date on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Treasury Rate plus 50 basis
points, plus, in either case, accrued and unpaid interest to, but
excluding, the Redemption Date. The Redemption Price will be determined
on August 20, 2018.

A notice of redemption and related materials will be mailed to holders
of record of the Senior Notes on July 24, 2018. Holders that hold their
Senior Notes through the Depository Trust Company ("DTC") will be
redeemed in accordance with the applicable procedures of DTC. Questions
relating to the notice of redemption and related materials should be
directed to The Bank of New York Mellon, in its capacity as paying agent
for the redemption of the Senior Notes (the "Paying Agent"), at
1-800-254-2826. The address of the Paying Agent is The Bank of New York
Mellon, 500 Ross Street, 12th Floor, Pittsburgh, Pennsylvania 15262.

This news release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any security and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful.


Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT)
headquartered in New Hyde Park, N.Y., that is one of North America's
largest publicly traded owners and operators of open-air shopping
centers. As of March 31, 2018, the company owned interests in 475 U.S.
shopping centers comprising 81 million square feet of leasable space
primarily concentrated in the top major metropolitan markets. Publicly
traded on the NYSE since 1991, and included in the S&P 500 Index, the
company has specialized in shopping center acquisitions, development and
management for 60 years.


The statements in this news release state the company's and management's
intentions, beliefs, expectations or projections of the future and are
forward-looking statements. It is important to note that the company's
actual results could differ materially from those projected in such
forward-looking statements. Factors which may cause actual results to
differ materially from current expectations include, but are not limited
to, (i) general adverse economic and local real estate conditions, (ii)
the inability of major tenants to continue paying their rent obligations
due to bankruptcy, insolvency or a general downturn in their business,
(iii) financing risks, such as the inability to obtain equity, debt or
other sources of financing or refinancing on favorable terms to the
company, (iv) the company's ability to raise capital by selling its
assets, (v) changes in governmental laws and regulations and
management's ability to estimate the impact of such changes, (vi) the
level and volatility of interest rates and foreign currency exchange
rates and management's ability to estimate the impact thereof, (vii)
risks related to the Company's international operations, (viii) the
availability of suitable acquisition, disposition, development and
redevelopment opportunities, and risks related to acquisitions not
performing in accordance with our expectations, (ix) valuation and risks
related to the company's joint venture and preferred equity investments,
(x) valuation of marketable securities and other investments, (xi)
increases in operating costs, (xii) changes in the dividend policy for
the company's common and preferred stock and the Company's ability to
pay dividends at current levels, (xiii) the reduction in the company's
income in the event of multiple lease terminations by tenants or a
failure by multiple tenants to occupy their premises in a shopping
center, (xiv) impairment charges and (xv) unanticipated changes in the
company's intention or ability to prepay certain debt prior to maturity
and/or hold certain securities until maturity. Additional information
concerning factors that could cause actual results to differ materially
from those forward-looking statements is contained from time to time in
the company's SEC filings.

The company refers you to the documents filed by the company from time
to time with the SEC, specifically the section titled "Risk Factors" in
the company's Annual Report on Form 10-K for the year ended December 31,
2017, as may be updated or supplemented in the company's Quarterly
Reports on Form 10-Q and the company's other filings with the SEC, which
discuss these and other factors that could adversely affect the
company's results. The company disclaims any intention or obligation to
update the forward-looking statements, whether as a result of new
information, future events or otherwise.

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