UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 30, 2003
KRAMONT REALTY TRUST
(Exact Name of Registrant as Specified in Charter)
Maryland 1-15923 25-6703702
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
Plymouth Plaza
580 West Germantown Pike
Plymouth Meeting, Pennsylvania 19462
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(Address, including zip code, of Principal Executive Offices)
Registrant's telephone number, including area code: (610) 825-7100
ITEM 5. OTHER EVENTS.
On December 30, 2003, we entered into a Purchase Agreement with the
various Purchasers, Investment Advisers and Broker-Dealers named in the Purchase
Agreement, pursuant to which we agreed to issue and sell 2,400,000 of our 8.25%
Series E Cumulative Preferred Shares of beneficial interest in a public offering
at $25.00 per share, for an aggregate purchase price of $60,000,000. The Series
E preferred shares have no stated maturity or sinking fund requirements and may
be redeemed by us on or after December 30, 2008. Cohen & Steers Capital
Advisors, LLC acted as Placement Agent in connection with the offering. We sold
and issued these shares on December 30, 2003. We estimate the net proceeds to
us from this offering will be approximately $58,500,000. In conjunction with
this offering, we have filed a Supplemental Prospectus dated December 29, 2003
pursuant to Rule 424(b) of the Securities Act of 1933, which is incorporated
herein by reference.
ITEM 7. EXHIBITS.
10.1 A letter agreement, dated December 30, 2003, by and between Kramont Realty
Trust and Cohen & Steers Capital Advisors, LLC, as placement agent(1).
99.1 Press Release Announcing the Offering dated December 30, 2003.
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(1) Exhibits and Annexes to the letter agreement will be made available to the
Securities and Exchange Commission upon request.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KRAMONT REALTY TRUST
Date: December 30, 2003 By: /s/ Carl E. Kraus
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Carl E. Kraus
Chief Financial Officer
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