Price Legacy Corporation announced today that its Board of Directors
declared a dividend of 29 cents per share payable on May 15, 2009 to
Price Legacy 6.82% Series 1 Cumulative Redeemable Preferred (OTC: PLREP)
shareholders of record on May 8, 2009. The Company is a subsidiary of PL
Retail LLC, a joint venture between Kimco Realty Corporation (NYSE: KIM)
and clients of DRA Advisors LLC.
About Kimco
Kimco Realty Corporation, a real estate investment trust (REIT), owns
and operates North America’s largest portfolio of neighborhood and
community shopping centers. As of March 31, 2009, the company owned
interests in 1,476 retail properties comprising 155 million square feet
of leasable space across 45 states, Puerto Rico, Canada, Mexico and
South America. Publicly traded on the NYSE under the symbol KIM and
included in the S&P 500 Index, the company has specialized in shopping
center acquisitions, development and management for 50 years. For
further information, visit the company's web site at www.kimcorealty.com.
About DRA Advisors LLC
DRA Advisors LLC is a New York-based registered investment advisor
specializing in real estate investment management services for
institutional and private investors, including pension funds, university
endowments, foundations, and insurance companies. Founded in 1986, the
firm currently manages over $10.0 billion in assets. Additional
information about DRA can be found on the company’s website at www.draadvisors.com.
Kimco Realty Corporation
Barbara M. Pooley, senior vice president,
finance and investor relations, 1-866-831-4297
