FILING FEES TABLE
Published on October 10, 2023
Exhibit 107
CALCULATION OF FILING FEE TABLES
FORM S-4
(Form Type)
KIMCO REALTY CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Table 1: Newly Registered Securities
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Security Type
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Security Class Title (1)
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Fee Calculation or Carry Forward Rule
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Amount
Registered
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Proposed
Maximum
Offering Price
Per Share
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Maximum
Aggregate
Offering Price
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Fee Rate
|
Amount of
Registration Fee
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|||||
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Fees to be Paid
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Equity
|
Common Stock, par value $0.01 per share
|
457(f), 457(c)
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58,868,383 (2)
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N/A
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$977,084,737.88 (3)
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$0.0001476
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$144,217.71
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||||
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Equity
|
7.25% Class N Cumulative Convertible Perpetual Preferred Stock, par value $1.00 per share
|
457(f), 457(c)
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1,849 (4)
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N/A
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$91,336,311.99 (5)
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$0.0001476
|
$13,481.24
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|||||
|
Equity
|
Common Stock, par value $0.01 per share
|
457(f), 457(i)
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9,765,679 (6)
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N/A
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— (7)
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— (7)
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— (7)
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|||||
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Equity
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Depositary Shares each representing a 1/1,000th interest in a share of 7.25% Class N Cumulative Convertible Perpetual Preferred Stock, par value $1.00 per share
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457(f)
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1,849,000
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N/A
|
— (8)
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— (8)
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— (8)
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|||||
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Fees Previously Paid
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—
|
—
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—
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—
|
—
|
—
|
—
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$0.00
|
||||
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Total Offering Amounts
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$1,068,421,049.87
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$157,698.95
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||||||||||
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Total Fees Previously Paid
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—
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|||||||||||
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Total Fee Offsets
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—
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|||||||||||
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Net Fee Due
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$157,698.95
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| (1) |
This registration statement relates to the registration of the maximum number of shares of common stock, par value $0.01 per share, of the Kimco Realty Corporation (“Kimco” and such shares, the “Kimco common stock”) estimated to be
issuable by Kimco pursuant to the mergers described in this registration statement and the Agreement and Plan of Merger, dated as of August 28, 2023, by and among Kimco, Kimco Realty OP, LLC, Tarpon Acquisition Sub, LLC, Tarpon OP Acquisition
Sub, LLC, RPT Realty (“RPT”) and RPT Realty, L.P.
|
| (2) |
The number of shares of Kimco common stock being registered is based upon an estimate of (x) the maximum number of shares of beneficial interest, par value $0.01 per share, of RPT (the “RPT common shares”) outstanding as of August 25, 2023
or issuable or expected to be exchanged in connection with the mergers, collectively equal to 97,319,197, multiplied by (y) the exchange ratio of 0.6049 shares of Kimco common stock for each RPT common share.
|
| (3) |
Calculated pursuant to Rule 457(f)(1) and Rule 457(c) under the Securities Act of 1933, as amended (the “Securities Act”), solely for the purpose of calculating the registration fee based on the average of the high and low prices of RPT
common shares as reported on the New York Stock Exchange (the “NYSE”) on October 4, 2023 ($10.04 per share), multiplied by the estimated maximum number of shares (97,319,197) that may be exchanged or converted for the securities being
registered.
|
| (4) |
Represents the estimated maximum number of shares 7.25% Class N Cumulative Convertible Perpetual Preferred Stock, par value $1.00 per share, of Kimco (“Kimco class N preferred stock”) estimated to be issuable by Kimco pursuant to the
mergers. The number of Kimco class N preferred stock is based upon the total number of 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest of RPT, par value $0.01 per share (“RPT preferred shares”)
outstanding as of August 25, 2023 or issuable or expected to be exchanged in connection with the mergers, collectively equal to 1,848,539, for which one one-thousandth of a share of Kimco class N preferred stock is to be exchanged for each
RPT preferred share pursuant to the mergers.
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| (5) |
Calculated pursuant to Rule 457(f)(1) and Rule 457(c) under the Securities Act, solely for the purpose of calculating the registration fee based on the average of the high and low prices of RPT preferred shares as reported on the NYSE on
October 4, 2023 ($49.41 per share), multiplied by the estimated maximum number of RPT preferred shares (1,848,539) that may be exchanged or converted for the securities being registered.
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| (6) |
Represents the estimated maximum number of shares of Kimco common stock issuable upon conversion of the Kimco class N preferred stock. Under Rule 416 of the Securities Act, the number of shares of Kimco common stock registered hereby
includes an indeterminate number of shares of Kimco common stock that may be issued as a result of anti-dilution provisions of the Kimco class N preferred stock.
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| (7) |
Pursuant to Rule 457(i), no separate registration fee will be payable in respect of the shares of Kimco common stock issuable upon conversion of the Kimco class N preferred stock because no additional consideration will be received in
connection with the exercise of the conversion privilege.
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| (8) |
No separate registration fee will be payable in respect of the depositary shares each representing a 1/1,000th interest in a share of Kimco class N preferred stock.
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