Kimco Realty Corp.'s joint proposal with Prometheus Southeast Retail Trust to merge Konover Property Trust with PSCO Acquisition Corp., a newly formed corporation owned by Prometheus and Kimco, was approved by shareholders. Konover Property Trust was renamed Kimsouth Realty Inc., a privately held Maryland corporation. Kimsouth owns 36 neighborhood and community shopping centers in the Southeast. Kimco will provide advisory and support services to Kimsouth. Kimco has a long history of property ownership in the Southeast, developing its first property in Miami in 1958. This transaction builds upon Kimco's strategy of increasing cash flow from management and advisory businesses where the company owns a stake in the properties. Kimco currently derives fee income from more than 160 properties across the country.