Filed pursuant to Rule 433
September 17, 2009
Relating to
Preliminary Prospectus Supplement dated September 17, 2009 to
Prospectus dated April 24, 2009
Registration Statement No. 333-158762
Kimco Realty Corporation
Pricing Term Sheet
Issuer: | Kimco Realty Corporation |
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Size: | $300,000,000 6.875% Senior Notes due 2019 |
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Maturity: | October 1, 2019 |
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Coupon: | 6.875% |
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Price to Public: | 99.840% |
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Net Proceeds to Issuer (before expenses): | $297,570,000 |
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Yield to Maturity: | 6.897% |
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Spread to Benchmark Treasury: | +350 basis points |
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Benchmark Treasury: | 3.625% due August 15, 2019 |
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Benchmark Treasury Yield: | 3.397% |
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Interest Payment Dates: | April 1 and October 1, commencing on April 1, 2010 |
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Redemption Provisions/Make-whole call: | At any time at the greater of par or the discounted value at a rate of Treasury plus 50 basis points |
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Pricing Date: | September 17, 2009 |
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Settlement: | September 24, 2009 |
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CUSIP / ISIN: | 49446RAJ8 / US49446RAJ86 |
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Ratings: | Baa1 (negative) by Moody’s Investors Service, Inc. and BBB+ (stable) by Standard & Poor’s Ratings Services |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may request these documents by calling J.P. Morgan Securities Inc. collect at 212-834-4533, Morgan Stanley & Co. Incorporated toll free at 1-866-718-1649 or Wells Fargo Securities, LLC toll free at 1-800-326-5897.