QUANTUMONLINE.COM SECURITY DESCRIPTION:  Kimco Realty Corp., 7.25% Dep Shares Class N Cumulative Preferred Stock Formerly RPT Realty Formerly, Ramco-Gershenson Properties Trust, 7.25% Series D Cumulative Convertible Perpetual Preferred Shares, Depositary Shares each representing a 1/1000 interest in a share of the Kimco Realty Corp., 7.25% Dep Shares Class N Cumulative Preferred Stock, liquidation preference $50 per Depositary share, not redeemable at the issuer's option, and with no stated maturity. Cumulative distributions of 7.25% ($3.625) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that is the 20th day of the month preceding the payment date or on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. If a fundamental change occurs, the company may be required to pay a make-whole premium on the Preferred Shares converted in connection therewith, through the increase of the applicable conversion rate (see the prospectus for details). The preferred shares are convertible any time at the holder's option into 2.296.3 common shares of Kimco Realty Corp. (NYSE: KIM), an initial conversion price of $21.77 per common share. On or after 4/20/2018, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
NYSE Chart	7.25% $3.625	$50.00 $50.00	Not Redeemable None	Baa2 BBB- 2/20/2024	2.296.3 $21.77	1/15, 4/15, 7/15 & 10/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Notes:  January 02, 2024-- Kimco Realty® (“Kimco” or the “Company”) (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today announced the completion of its previously announced acquisition of RPT Realty (“RPT”). The acquisition of RPT adds 56 open-air shopping centers, 43 of which are wholly owned, comprising 13.3 million square feet of gross leasable area, to Kimco’s existing portfolio of 527 properties. The all-stock transaction, including the assumption of debt and preferred stock, results in a number of benefits including earnings accretion stemming from initial cost savings synergies of approximately $34 million, of which approximately 85% is expected to be realized in 2024. Additional benefits include increased scale in high-growth target markets, expanded partnership opportunities, and preservation of balance sheet strength. The Company will incorporate the impact of the RPT acquisition, including merger-related costs, on Net Income and FFO as part of its full year 2024 outlook when it reports fourth quarter earnings. “We are pleased to announce the successful completion of our acquisition of RPT, which will enable us to drive long-term growth and value creation for our shareholders in a leverage-neutral manner through embedded growth opportunities and economies of scale advantages,” stated Conor Flynn, Chief Executive Officer of Kimco. Pursuant to the terms of the definitive merger agreement entered into by and among Kimco, RPT and certain of their respective subsidiaries, on August 28, 2023, RPT common shareholders are entitled to receive 0.6049 shares of Kimco common stock, together with cash in lieu of fractional shares, for each RPT common share that they owned immediately prior to the effective time of the merger, and RPT preferred shareholders are entitled to receive one depositary share representing 1/1,000th of a share of January 2, 2024 -- Kimco 7.25% Class N Cumulative Convertible Perpetual Preferred Stock (“Kimco Class N Preferred Stock”) for each RPT 7.25% Series D Cumulative Convertible Perpetual Preferred Share (“RPT Series D Preferred Share”) that they owned immediately prior to the effective time of the merger. Pursuant to the terms of the Kimco Class N Preferred Stock, the Company’s Board of Directors declared a “stub period” cash dividend in an amount equal to $0.14097 per depositary share representing Kimco Class N Preferred Stock, payable on January 16, 2024 to shareholders of record on January 5, 2024. The stub dividend reflects the regular quarterly dividend for the Kimco Class N Preferred Stock in respect of the period from January 1, 2024, the last dividend payment date in respect of the RPT Series D Preferred Shares, to, but excluding, January 15, 2024.

Company's Online Information Links

HOME PAGE:     https://www.kimcorealty.com/
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Company's Email Address Links

Inv Rel Email Address	Dbujnicki@kimcorealty.com
General Email Address	IR@kimcorealty.com
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Address and Phone Numbers

Address:   500 North Broadway, Suite 201, Jericho, NY 11753
Main Phone Number	516-869-9000
Fax Number	516-869-9001
Investor Relations   David F. Bujnicki	866-831-4297
Toll Free Phone Number	866-831-4297

CEO - Conor C. Flynn

CFO - Glenn G. Cohen