Kimco Realty Announces Revised Pan Pacific Tax Reporting Information for 2006 Dividend Distributions

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NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--

Kimco Realty Corporation (NYSE: KIM) today announced 2006 year-end Pan Pacific Retail Properties, Inc. tax reporting information as follows:

Pan Pacific Retail Properties, Inc. Common Stock


Ticker Symbol: PNP            Declaration      Record       Payment
           CUSIP                 Date           Date          Date

69806L-10-4                     02/08/2006     02/24/2006  03/15/2006
69806L-10-4                     04/28/2006     05/26/2006  06/15/2006
69806L-10-4                     08/29/2006     09/19/2006  09/29/2006
69806L-10-4                     10/27/2006     10/30/2006  10/30/2006
      Totals for 2006

                                                   Total
                             Total     Taxable     Capital   Unrecap
Ticker Symbol: PNP        Distribution Ordinary    Gain     Sec. 1250
          CUSIP            Per Share   Dividend Distribution   Gain

69806L-10-4                 $0.640000 $0.195065   $0.444935 $0.073360
69806L-10-4                 $0.640000 $0.195065   $0.444935 $0.073360
69806L-10-4                 $0.640000 $0.195065   $0.444935 $0.073360
69806L-10-4                 $0.236500 $0.072083   $0.164417 $0.027109
     Totals for 2006        $2.156500 $0.657278   $1.499222 $0.247189

Kimco, a publicly traded real estate investment trust, has specialized in shopping center acquisitions, development and management for more than 45 years, and owns and operates the nation's largest portfolio of neighborhood and community shopping centers with interests in 1,337 properties comprising approximately 174.4 million square feet of leasable space located throughout 45 states, Canada, Mexico and Puerto Rico.

Source: Kimco Realty Corporation

Released January 25, 2007