Kimco to redeem $300 million of 6.875% notes due 2019 on Aug. 23

By Susanna Moon

Chicago, July 24 – Kimco Realty Corp. issued a redemption notice Tuesday for its $300 million principal amount of 6.875% senior notes due 2019.

The notes will be redeemed on Aug. 23 at a make-whole price discounted using the Treasury rate plus 50 basis points plus accrued interest to but excluding the redemption date, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price will be set on Aug. 20.

The Bank of New York Mellon (800 254-2826) is the paying agent.

Kimco is a New Hyde Park, N.Y.-based real estate investment trust.

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