Kimco North Trust III Announces a Private Placement of $200 Million Canadian Denominated Series 4 Se

Kimco North Trust III Announces a Private Placement of $200 Million Canadian Denominated Series 4 Senior Unsecured Notes Due 2020

NEW HYDE PARK, N.Y.--(BUSINESS WIRE)-- Kimco North Trust III, an indirect wholly-owned entity of Kimco Realty Corporation, today announced the offering of $200 million Canadian denominated Series 4 unsecured notes on a private placement basis in Canada. The offering is expected to close on or about July 22, 2013. The notes bear interest at 3.855% and mature on August 4, 2020. Kimco Realty Corporation has provided a full and unconditional guarantee of the Series 4 Notes. This represents the fourth time Kimco has raised debt capital in the Canadian market. The proceeds will be used by Kimco North Trust III to repay its $200 million 5.180% Canadian denominated unsecured notes maturing on August 16, 2013. These notes were used to fund long-term investments in Canadian real estate, and for general corporate purposes.

The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States or to a U.S. person, absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act.


ABOUT KIMCO

Kimco Realty Corp. (NYS: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America's largest portfolio of neighborhood and community shopping centers. As of March 31, 2013, the company owned interests in 895 shopping centers comprising 131 million square feet of leasable space across 44 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisition, development and management for more than 50 years.

SAFE HARBOR STATEMENT

The statements in this 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 that could 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 for the company, (iv) the company's ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates, (vii) risks related to the company's international operations, (viii) the availability of suitable acquisition and disposition opportunities, (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 stock, (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, including but not limited to the company's Annual Report on Form 10-K for the year ended December 31, 2012 and the company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2013. Copies of each filing may be obtained from the company or the SEC.

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, 2012 and the company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2013, in each case as may be updated or supplemented in the company's filings with the SEC, which discuss these and other factors that could adversely affect the company's results.



Kimco Realty Corp.
David F. Bujnicki, 1-866-831-4297
Vice President, Investor Relations and Corporate Communications
dbujnicki@kimcorealty.com

KEYWORDS:   United States  North America  Canada  New York

INDUSTRY KEYWORDS:

The article Kimco North Trust III Announces a Private Placement of $200 Million Canadian Denominated Series 4 Senior Unsecured Notes Due 2020 originally appeared on Fool.com.

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