Kimco Realty® Announces Waiver of Condition for the Receipt of the Requisite Preferred Shareholder Consents and Extension of Cash Tender Offer to Purchase All of Its Outstanding Depositary Shares Representing 1/1,000 of a Share of 7.25% Class N Cumulative Convertible Perpetual Preferred Stock and Consent Solicitation
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Kimco Realty Corporation has waived the condition for receiving the requisite preferred shareholder consents for its tender offer to purchase all outstanding depositary shares of its 7.25% Class N Preferred Stock. The offer, initially set to expire on December 4, 2024, has been extended to December 12, 2024.
December 05, 2024 | 12:00 pm
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Kimco Realty has extended its tender offer for its 7.25% Class N Preferred Stock, waiving the condition for requisite shareholder consents. This move may impact the stock's short-term price as it reflects the company's strategic financial decisions.
The waiver of the condition for shareholder consents and the extension of the tender offer deadline could indicate Kimco's strategic flexibility in managing its financial obligations. This may be seen as a neutral to slightly positive move, as it allows more time for shareholders to respond, but does not directly affect the company's operational performance.
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IMPORTANCE 70
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