UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 1, 2003
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Kimco Realty Corporation
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(Exact name of registrant as specified in its chapter)
Maryland 1-10899 13-2744380
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
3333 New Hyde Park Road
New Hyde Park, New York 11042-0020
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (516) 869-9000
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(Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure.
On May 1, 2003, Kimco Realty Corporation (NYSE: KIM) announced that it will
redeem all 2,000,000 outstanding depositary shares of the Company's 8 1/2% Class
B Cumulative Redeemable Preferred Stock, par value $1.00 per share (the "Class B
Preferred Stock," NYSE:KIMprB), at the redemption price of $25.00 per depositary
share plus accrued and unpaid dividends.
Kimco's Board of Directors has set June 2, 2003 as the redemption date on which
all outstanding depositary shares of Class B Preferred Stock will be redeemed.
Holders of the Class B depositary shares will receive cash consideration of
$25.00 per depositary share plus 27.7431 cents per depositary share representing
accrued and unpaid dividends on the redemption date. Dividends will cease to
accrue on the Class B Preferred Stock as of the redemption date.
For additional information on redeeming shares, Class B Preferred Stock
shareholders should contact The Bank of New York (Kimco's transfer agent, paying
agent and the depositary for the Class B Preferred Stock) at 1-800-507-9357. To
redeem their shares, holders of the Class B Preferred Stock may surrender their
depositary receipt(s) evidencing depositary shares for Kimco Class B Preferred
Stock to:
If by mail: If by hand delivery or overnight express:
The Bank of New York The Bank of New York
Reorganization Services Reorganization Services
P.O. Box 11248 101 Barclay Street
Church Street Station Receive and Deliver Window, Street Level
New York, NY 10286-1248 New York, NY 10286
Kimco, a publicly traded real estate investment trust, has specialized in
shopping center acquisitions, development and management for more than 35 years,
and owns and operates the nation's largest portfolio of neighborhood and
community shopping centers with interests in 630 properties comprising
approximately 91.7 million square feet of leasable space located throughout 41
states, Canada and Mexico.
Contact:
Kimco Realty Corporation
Scott Onufrey
(516) 869-7190
sonufrey@kimcorealty.com
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Kimco Realty Corporation
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(Registrant)
Date May 2, 2003
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By: /s/ Michael V. Pappagallo
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Name: Michael V. Pappagallo
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Its: Vice President and Chief Financial Officer
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