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PRICING SUPPLEMENT NO. 1 DATED OCTOBER 15, 1999 Rule 424(b)(3)
(To Prospectus and Prospectus Supplement Dated File No. 333-61303
September 18, 1998
$50,000,000
Kimco Realty Corporation
Series B Medium-Term Notes
Due Nine Months or More from Date of Issue
Fixed Rate Notes
Interest Rate: 7.62%
Trade Date: October 15, 1999
Issue Price: 100%
Agent's Discount or Commission: $250,000
Net Proceeds to Issuer: $49,750,000
Original Issue Date: October 20, 1999
Stated Maturity Date: October 20, 2004
Interest Payment Dates (if other than April 1 and October 1): N/A
Book Entry: /X/ Certificated: / /
Authorized Denomination: /X/ $1,000 and integral multiples thereof / / Other:
Minimum Denomination: /X/ $1000 / / Other:
Specified Currency: /X/ United States dollars / / Other:
Exchange Rate Agent: N/A
Redemption: /X/ The Notes cannot be redeemed prior to maturity.
/ / The Notes may be redeemed prior to maturity, as follows:
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction:
Repayment: /X/ The Notes cannot be repaid prior to maturity.
/ / The Notes may be repaid prior to maturity, as follows:
Optional Repayment Dates:
Additional/Other Terms: None
Addendum Attached: / / Yes /X/ No
Agent: /X/ Merrill Lynch & Co.
/ / Chase Securities Inc.
/ / Banc One Capital Markets, Inc.
/ / J.P. Morgan Securities Inc.
/ / Morgan Stanley & Co. Incorporated
/ / Goldman, Sachs & Co.
/X/ Other: Legg Mason Wood Walker, Incorporated
The effective date of the final regulations regarding withholding and
information rules applicable to non-U.S. Holders discussed in the Prospectus
Supplement under the heading "Certain United States Federal Income Tax
Considerations -- Backup Withholding" has been changed. The final regulations
are generally effective for payments made after December 31, 2000, subject to
certain transition rules.
