Infrastructure Capital Advisors Divests Kimco Realty Preferred Shares

TL;DR

**Infrastructure Capital Advisors sold all their Kimco Realty preferred shares.**

AI Summary

Infrastructure Capital Advisors, LLC filed an amended SC 13G/A on February 13, 2024, indicating a change in their beneficial ownership of Kimco Realty Corporation's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares. As of December 31, 2023, Infrastructure Capital Advisors, LLC reported having 0 sole voting power, 0 shared voting power, 0 sole dispositive power, and 0 shared dispositive power over these shares. This matters to investors because it shows a significant reduction or complete divestment of their previously held stake in this specific class of Kimco Realty preferred shares, potentially signaling a change in their investment strategy or outlook on the company's preferred stock.

Why It Matters

This filing indicates a major institutional investor, Infrastructure Capital Advisors, LLC, no longer holds a reportable beneficial ownership in Kimco Realty's 7.25% Series D Preferred Shares, which could influence other investors' perceptions of the stock.

Risk Assessment

Risk Level: low — The filing itself is a routine update on ownership, and while the divestment is notable, it doesn't inherently introduce new direct risk to the company.

Analyst Insight

Investors should note the complete divestment by Infrastructure Capital Advisors, LLC of their preferred shares in Kimco Realty. While this doesn't directly impact common stock, it could signal a lack of confidence in the preferred equity's future performance or the company's overall outlook from this specific institutional investor. It would be prudent to research why this institution exited its position and consider if those reasons align with your own investment thesis.

Key Numbers

• 0 — Sole Voting Power (Infrastructure Capital Advisors, LLC's sole voting power over Kimco Realty preferred shares as of December 31, 2023)
• 0 — Shared Voting Power (Infrastructure Capital Advisors, LLC's shared voting power over Kimco Realty preferred shares as of December 31, 2023)
• 0 — Sole Dispositive Power (Infrastructure Capital Advisors, LLC's sole dispositive power over Kimco Realty preferred shares as of December 31, 2023)
• 0 — Shared Dispositive Power (Infrastructure Capital Advisors, LLC's shared dispositive power over Kimco Realty preferred shares as of December 31, 2023)

Key Players & Entities

• Infrastructure Capital Advisors, LLC (company) — the reporting person who filed the SC 13G/A
• Kimco Realty Corporation (company) — the issuer of the securities
• 7.25% Series D Cumulative Convertible Perpetual Preferred Shares (company) — the specific class of securities discussed
• December 31, 2023 (date) — the date of the event requiring the filing
• New York (company) — place of organization for Infrastructure Capital Advisors, LLC

FAQ

Key Financial Figures

• $0.01 — e Perpetual Preferred Shares, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• d10980689_13g-a.htm (SC 13G/A) — 133KB
• 0000919574-24-001145.txt ( ) — 135KB

From the Filing

SC 13G/A 1 d10980689_13g-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Kimco Realty Corporation (Name of Issuer) 7.25% Series D Cumulative Convertible Perpetual Preferred Shares, par value $0.01 per share (Title of Class of Securities) 49446R687 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [_] Rule 13d-1(d) __________ * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No 49446R687 1. NAME OF REPORTING PERSONS Infrastructure Capital Advisors, LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA, OO CUSIP No 49446R687 1. NAME OF REPORTING PERSONS Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 253,610 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 253,610 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 253,610 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.7% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IV, OO CUSIP No 49446R687 1. NAME OF REPORTING PERSONS Jay Hatfield 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN, HC CUSIP No 49446R687 1. NAME OF REPORTING PERSONS InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 8,634 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 8,634 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,634 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.5% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IV, OO CUSIP No 49446R687 Item 1. (a). Name of Issuer: Kimco Realty Corporation (b). Address of Issuer's Principal Executive Offices: 19 West 44 th Street, Suite 1002 New York, New York 10036 United States of America Item 2. (a). Name of Person Filing: Infrastructure Capital Advisors, LLC Virtus InfraCap U.S. Preferred Stock ETF, a Series of ETFis Series Trust I Jay Hatfield InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust (b). Address of Principal Business Office, or if None, Residence: Infrastructure Capital Advisors, LLC 1325 Avenue of the Americas, 28 th Floor New York, New York 10019 United States of America Virt

View Full Filing

View this SC 13G/A filing on SEC EDGAR