<SEC-DOCUMENT>0001398432-17-000100.txt : 20170801
<SEC-HEADER>0001398432-17-000100.hdr.sgml : 20170801
<ACCEPTANCE-DATETIME>20170801170208
ACCESSION NUMBER:		0001398432-17-000100
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20170801
DATE AS OF CHANGE:		20170801

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KIMCO REALTY CORP
		CENTRAL INDEX KEY:			0000879101
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				132744380
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-202389
		FILM NUMBER:		17997410

	BUSINESS ADDRESS:	
		STREET 1:		3333 NEW HYDE PARK RD
		STREET 2:		PO BOX 5020
		CITY:			NEW HYDE PARK
		STATE:			NY
		ZIP:			11042
		BUSINESS PHONE:		5168699000

	MAIL ADDRESS:	
		STREET 1:		3333 NEW HYDE PARK ROAD
		STREET 2:		PO BOX 5020
		CITY:			NEW HYDE PARKQ
		STATE:			NY
		ZIP:			11042

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KIMCO REALTY CORP
		CENTRAL INDEX KEY:			0000879101
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				132744380
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		3333 NEW HYDE PARK RD
		STREET 2:		PO BOX 5020
		CITY:			NEW HYDE PARK
		STATE:			NY
		ZIP:			11042
		BUSINESS PHONE:		5168699000

	MAIL ADDRESS:	
		STREET 1:		3333 NEW HYDE PARK ROAD
		STREET 2:		PO BOX 5020
		CITY:			NEW HYDE PARKQ
		STATE:			NY
		ZIP:			11042
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>a14025.htm
<DESCRIPTION>FWP
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>FWP</TITLE>
</HEAD>
<BODY leftmargin="25" topmargin="25" style="font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px">
<P style="margin:0px" align=right><B><I>Filed pursuant to Rule 433</I></B></P>
<P style="margin:0px" align=right><B><I>August 1, 2017</I></B></P>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><B><I>Relating to</I></B></P>
<P style="margin:0px" align=right><B><I>Preliminary Prospectus Supplement dated August 1, 2017 to</I></B></P>
<P style="margin:0px" align=right><B><I>Prospectus dated February 27, 2015</I></B></P>
<P style="margin:0px" align=right><B><I>Registration Statement No. 333-202389</I></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Kimco Realty Corporation</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><U>Pricing Term Sheet</U></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B><U>$500,000,000 3.300% Notes due 2025</U></B></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=301.6 /><TD width=432.8 /></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Issuer: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">Kimco Realty Corporation </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Ratings*: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">Baa1 (stable) by Moody&#146;s Investors Service, Inc. </P>
<P style="margin:0px">BBB+ (stable) by Standard &amp; Poor&#146;s Ratings Services</P>
<P style="margin:0px">BBB+ (stable) by Fitch Ratings, Inc. </P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Aggregate Principal Amount Offered Hereby: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">$500,000,000</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Pricing Date: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">August 1, 2017 </P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Settlement Date: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">August 10, 2017 (T+7)</P>
<P style="margin:0px">The settlement date of August 10, 2017 is the seventh business day following the date of the preliminary prospectus supplement. Pursuant to Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle within three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes before the third business day prior to the Settlement Date will be required, by virtue of the fact that any such trade would otherwise settle before the close of this offering, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement, and should consult their own advisor with respect to these matters.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Maturity Date: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">February 1, 2025</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Interest Payment Dates: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">February 1 and August 1, commencing on February 1, 2018</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Coupon: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">3.300% </P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Price to Public: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">99.843% of the principal amount </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Proceeds to Issuer (before expenses and the underwriting discount): </P>
</TD><TD style="margin-top:0px" valign=bottom width=432.8><P style="margin:0px">$499,215,000 </P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Benchmark Treasury: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">2.125% due July 31, 2024</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Benchmark Treasury Yield: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">2.074% </P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Spread to Benchmark Treasury: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">+125 bps </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Yield to Maturity: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">3.324% </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Redemption Provisions:</P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px; padding-left:48px">Make-whole Call:</P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">Prior to December 1, 2024, the Notes will be redeemable at the Issuer&#146;s option, at a redemption price equal to the sum of (1) an amount equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date and (2) a make-whole premium (T+20 bps). </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px; padding-left:48px">Par Call:</P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">At any time on or after December 1, 2024, the Notes will be redeemable at the Issuer&#146;s option, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date.</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">CUSIP / ISIN: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">49446R AU3/ US49446RAU32</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Joint Book-Running Managers: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">Citigroup Global Markets Inc.</P>
<P style="margin:0px">Merrill Lynch, Pierce, Fenner &amp; Smith</P>
<P style="margin:0px; padding-left:66px">Incorporated</P>
<P style="margin:0px">RBC Capital Markets, LLC</P>
<P style="margin:0px">Wells Fargo Securities, LLC</P>
<P style="margin:0px">Jefferies LLC</P>
<P style="margin:0px">Mizuho Securities USA LLC</P>
<P style="margin:0px">Morgan Stanley &amp; Co. LLC</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=301.6 /><TD width=432.8 /></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Senior Co-Managers:</P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">BB&amp;T Capital Markets, a division of BB&amp;T Securities, LLC </P>
<P style="margin:0px">SunTrust Robinson Humphrey, Inc. </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Co-Managers:</P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">Barclays Capital Inc. </P>
<P style="margin:0px">BNY Mellon Capital Markets, LLC </P>
<P style="margin:0px">Deutsche Bank Securities Inc. </P>
<P style="margin:0px">J.P. Morgan Securities LLC</P>
<P style="margin:0px">Regions Securities LLC</P>
<P style="margin:0px">U.S. Bancorp Investments, Inc. </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B><U>$350,000,000 4.450% Notes due 2047</U></B></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=301.6 /><TD width=432.8 /></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Issuer: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">Kimco Realty Corporation </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Ratings*: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">Baa1 (stable) by Moody&#146;s Investors Service, Inc. &nbsp;</P>
<P style="margin:0px">BBB+ (stable) by Standard &amp; Poor&#146;s Ratings Services </P>
<P style="margin:0px">BBB+ (stable) by Fitch Ratings, Inc. </P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Aggregate Principal Amount Offered Hereby: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">$350,000,000</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Pricing Date: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">August 1, 2017 </P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Settlement Date: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">August 10, 2017 (T+7)</P>
<P style="margin:0px">The settlement date of August 10, 2017 is the seventh business day following the date of the preliminary prospectus supplement. Pursuant to Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle within three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes before the third business day prior to the Settlement Date will be required, by virtue of the fact that any such trade would otherwise settle before the close of this offering, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement, and should consult their own advisor with respect to these matters.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Maturity Date: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">September 1, 2047</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Interest Payment Dates: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">March 1 and September 1, commencing on March 1, 2018</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Coupon: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">4.450% </P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Price to Public: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">99.259% of the principal amount </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Proceeds to Issuer (before expenses and the underwriting discount): </P>
</TD><TD style="margin-top:0px" valign=bottom width=432.8><P style="margin:0px">$347,406,500 </P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Benchmark Treasury: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">3.000% due February 15, 2047</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Benchmark Treasury Yield: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">2.865% </P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Spread to Benchmark Treasury: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">+163 bps </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Yield to Maturity: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">4.495% </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Redemption Provisions:</P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px; padding-left:48px">Make-whole Call: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">Prior to March 1, 2047, the Notes will be redeemable at the Issuer&#146;s option, at a redemption price equal to the sum of (1) an amount equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date and (2) a make-whole premium (T+25 bps). </P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px; padding-left:48px">Par Call:</P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">At any time on or after March 1, 2047, the Notes will be redeemable at the Issuer&#146;s option, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date.</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">CUSIP / ISIN: </P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">49446R AT6/ US49446RAT68</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Joint Book-Running Managers: </P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">Citigroup Global Markets Inc.</P>
<P style="margin:0px">Merrill Lynch, Pierce, Fenner &amp; Smith</P>
<P style="margin:0px; padding-left:66px">Incorporated</P>
<P style="margin:0px">RBC Capital Markets, LLC</P>
<P style="margin:0px">Wells Fargo Securities, LLC</P>
<P style="margin:0px">TD Securities (USA) LLC</P>
<P style="margin:0px">UBS Securities LLC</P>
<P style="margin:0px">U.S. Bancorp Investments, Inc.</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=301.6 /><TD width=432.8 /></TR>
<TR><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=301.6><P style="margin:0px">Senior Co-Managers:</P>
</TD><TD style="margin-top:0px; background-color:#DBE5F1" valign=top width=432.8><P style="margin:0px">Regions Securities LLC</P>
<P style="margin:0px">Scotia Capital (USA) Inc.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=301.6><P style="margin:0px">Co-Managers:</P>
</TD><TD style="margin-top:0px" valign=top width=432.8><P style="margin:0px">Barclays Capital Inc.</P>
<P style="margin:0px">BB&amp;T Capital Markets, a division of BB&amp;T Securities, LLC</P>
<P style="margin:0px">BNY Mellon Capital Markets, LLC </P>
<P style="margin:0px">CIBC World Markets Corp. </P>
<P style="margin:0px">Deutsche Bank Securities Inc. </P>
<P style="margin:0px">J.P. Morgan Securities LLC</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Addition to page S-21 of the Preliminary Prospectus Supplement, dated August 1, 2017 related to this offering:</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:-1px"><I>In addition to the selling restrictions beginning on page S-21 in the preliminary prospectus supplement dated August 1, 2017, the following selling restriction also applies to the Notes:</I></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B><I>Notice to Prospective Investors in Republic of Korea</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The notes have not been and will not be registered under the Financial Investment Services and Capital Markets Act and the decrees and regulations thereunder (the &#147;FSCMA&#148;) and the notes have been and will be offered in Korea as a private placement under the FSCMA. None of the notes may be offered, sold and delivered directly or indirectly, or offered or sold to any person for re-offering or resale, directly or indirectly, in Korea or to any resident of Korea except as otherwise permitted under the applicable laws and regulations of Korea, including the FSCMA and the Foreign Exchange Transaction Law of Korea and the decrees and regulations thereunder (the &#147;FETL&#148;). For a period of one year from the issue date of the notes, any acquirer of the notes who was solicited to buy the notes in Korea is prohibited from transferring any of the notes to another person in any way other than as a whole to one transferee. Furthermore, the purchaser of the notes shall comply with all applicable regulatory requirements (including but not limited to requirements under the FETL) in connection with the purchase of the notes.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:15.6px; text-indent:-15.6px"><B>*&nbsp;&nbsp;&nbsp;Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal by the assigning rating organization at any time. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>The Issuer has filed a registration statement (including a prospectus dated February 27, 2015 as supplemented by a preliminary prospectus supplement dated August 1, 2017) with the Securities and Exchange Commission (the &#147;SEC&#148;) for the offering to which this communication relates. Before you invest, you should read the prospectus and preliminary prospectus supplement in that registration statement, this communication and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may request the prospectus and preliminary prospectus supplement by calling Citigroup Global Markets Inc. at 1-800-831-9146; Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated at 1-800-294-1322; RBC Capital Markets, LLC at 1-866-375-6829 and Wells Fargo Securities, LLC at 1-800-645-3751.</B></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: 3FBA2A25 -->
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
