KIM To Redeem 2 Preferred Stocks

A recent press release by KIM stated that new 3.70% notes are being priced to replace 2 preferreds: KIM-I (6% coupon) and KIM-K (5.625% coupon).
This is another indication that old higher yielding preferreds are being replaced by lower yielding securities.

KIM is rated as Investment Grade and has 3 remaining preferreds, as follows:

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *