other material
confidence high
sentiment neutral
materiality 0.20
Kimco registers 1.99M shares for exchange of DownREIT partnership units from WRI merger
KIMCO REALTY CORP
- Registers up to 1,988,015 shares for issuance upon redemption of units in Madison Village LP and Raleigh LP.
- Both partnerships were DownREIT structures of Weingarten Realty, which merged into Kimco on Aug 3, 2021.
- Registration allows unit holders to redeem for shares, but no obligation to do so; not a primary cash offering.
- As of Aug 20, 2021, Kimco had 612,890,296 shares of common stock outstanding.