Kimco and Weingarten Strategic Merger investor presentaton
TRANSACTION
DETAIL
MANAGEMENT &
GOVERNANCE
DIVIDEND
EXPECTED
TIMING
KIMCO™
REALTY
TRANSACTION OVERVIEW
• Kimco Realty Corporation ("Kimco") is merging with Weingarten Realty Investors ("Weingarten") in a
strategic combination
Total consideration per Weingarten share of 1.408 Kimco shares plus $2.89 in cash
$3.9 billion equity value and $5.9 billion transaction value (1)
• Pro form a ownership of approximately 71% Kimco / 29% Weingarten
■
Company will retain the name Kimco Realty Corporation and continue to trade on the NYSE under the
ticker "KIM"
• Kim co management team to continue to lead the combined company and will remain headquartered in
New York
• Board will be expanded to nine Directors, with the addition of one new member from the Weingarten Board
of Trust Managers
• Kimco intends to maintain its current dividend level post-transaction
Expected closing in 2H 2021, subject to customary closing conditions, including Kimco and Weingarten
shareholder approvals
1. Includes customary transaction costs.
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