Kimco settles seven shareholder lawsuits over WRI merger disclosures; releases supplemental financial projections

KIMCO REALTY CORP

Settlement reached with plaintiffs in seven federal and one state action alleging inadequate merger disclosures.
Supplemental disclosures include detailed merger background and revised financial projections for Kimco and WRI.
Plaintiffs agree to dismiss all actions after filing of this 8-K/A; no admission of liability by defendants.
New projections show Kimco FFO as adjusted per share of $1.26 (2021E) to $1.55 (2025E).
Barclays received $0.53M and Lazard $0.25M in past two years from Kimco excluding merger fees.

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