Kimco Realty® Announces Final Results 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 announced the final results of its cash tender offer to purchase all outstanding depositary shares of its 7.25% Class N Cumulative Convertible Perpetual Preferred Stock. The offer expired on December 12, 2024.
December 13, 2024 | 12:00 pm
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NEUTRAL IMPACT
Kimco Realty has completed its tender offer to purchase all outstanding depositary shares of its 7.25% Class N Preferred Stock at $62.00 per share. This move could impact the company's equity structure and stock price.
The completion of the tender offer indicates a strategic move by Kimco Realty to manage its equity structure, which could have implications for its stock price. However, the direct impact on the stock price is uncertain, leading to a neutral short-term score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100