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Press release from Business Wire

Kimco Realty Closes $400 Million Unsecured Term Loan

Tuesday, April 17, 2012

Kimco Realty Closes $400 Million Unsecured Term Loan16:01 EDT Tuesday, April 17, 2012 NEW HYDE PARK, N.Y. (Business Wire) -- Kimco Realty Corporation (NYSE: KIM) today announced that it closed on a new $400 million unsecured term loan. The loan is scheduled to mature on April 17, 2014, with three additional one-year options to extend the maturity date at the Kimco's discretion to April 17, 2017. Interest on the loan accrues at an annualized rate of LIBOR plus 105 basis points. Proceeds from the unsecured loan will be used for general corporate purposes including the repayment of upcoming debt maturities. PNC Bank, National Association, is the administrative agent for the new term loan, PNC Capital Markets LLC is the arranger and bookrunner, Regions Bank, Wells Fargo Bank, National Association and JPMorgan Chase Bank, N.A., are syndication agents and Citibank, N.A., and U.S. Bank National Association are documentation agents. About Kimco Kimco Realty Corporation (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America's largest portfolio of neighborhood and community shopping centers. As of December 31, 2011, the company owned interests in 946 shopping centers comprising 138 million square feet of leasable space across 44 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company's blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty. Safe Harbor Statement The statements in this release state the company's and management's intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company's actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms, (iv) the company's ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates, (vii) the availability of suitable acquisition and disposition opportunities, (viii) valuation of joint venture investments, (ix) valuation of marketable securities and other investments, (x) increases in operating costs, (xi) changes in the dividend policy for the company's common stock, (xii) the reduction in the company's income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiii) impairment charges and (xiv) unanticipated changes in the company's intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company's Securities and Exchange Commission filings, including but not limited to the company's Annual Report on Form 10-K for the year ended December 31, 2011. Copies of each filing may be obtained from the company or the Securities and Exchange Commission. The company refers you to the documents filed by the company from time to time with the Securities and Exchange Commission, specifically the sections titled “Risk Factors” in the company's preliminary prospectus supplement filed on March 8, 2012, the company's prospectus dated April 24, 2009 and the Annual Report on Form 10-K for the year ended December 31, 2011, as may be updated or supplemented in the company's Form 10-Q filings, which discuss these and other factors that could adversely affect the company's results. Kimco Realty CorporationDavid F. Bujnicki, 1-866-831-4297Vice President, Investor Relations and Corporate Communicationsdbujnicki@kimcorealty.com