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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 17, 1998 (July 22, 1998)
Kimco Realty Corporation
(Exact name of registrant as specified in its charter)
Maryland 1-10899 13-2744380
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
3333 New Hyde Park Road
New Hyde Park, New York 11042-0020
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(Address of principal executive (zip code)
offices)
516/869-9000
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Registrant's telelphone,
including area code
Not Applicable
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(former name or former address, if changed since last report.)
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KIMCO REALTY CORPORATION AND SUBSIDIARIES
CURRENT REPORT
ON
FORM 8-K
Item 5. Other Events
Recently Enacted Legislation. The IRS Restructuring and Reform Act of
1998, which was signed into law on July 22, 1998, reduces the period that a
non-corporate U.S. Holder must hold securities in order to qualify for the
reduced 20% capital gain rate from more than 18 months to more than 12 months.
This change effectively eliminates the 28% capital gains rate, causing gains
from the sale, redemption, retirement or other taxable disposition of secutities
held by a non-corporate U.S. Holder for more than twelve months to be taxed a
20% rate. This change is generally effective for securities sold or exchanged
on or after January 1, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Kimco Realty Corporation
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Registrant
Date: August 17, 1998
By: /s/ Michael V. Pappagallo
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Michael V. Pappagallo
Chief Financial Officer
