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Digital Realty Trust, 7.00% Series E Cumulative Redeemable Preferred Stock
Ticker Symbol: DLR-E* CUSIP: 253868707 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/15/2016
Security has been Called for: Thursday, September 15, 2016
Aug. 15, 2016 -- Digital Realty Trust, Inc. announced today that it intends to redeem all 11,500,000 outstanding shares of its 7.000% Series E Cumulative Redeemable Preferred Stock (CUSIP: 253868707). Series E Preferred Stock held through the Depository Trust Company will be redeemed in accordance with the applicable procedures of the Depository Trust Company.
The redemption date will be September 15, 2016. The Series E Preferred Stock will be redeemed for a total payment of $25.00 per share, plus all accrued and unpaid dividends to, but not including, the redemption date in an amount equal to $0.35972 per share, for a total payment of $25.35972 per share, which will be payable in cash, without interest on the redemption date. After the redemption date, Series E Preferred Stock will no longer be deemed outstanding and all of the rights of the holders of Series E Preferred Stock will terminate, except the right to receive the Redemption Price. In addition, because all of the issued and outstanding shares of Series E Preferred Stock are being redeemed, the Series E Preferred Stock will no longer trade on the New York Stock Exchange after the redemption date. The Series E Preferred Stock currently trades on the NYSE under the symbol "DLR.PRE". The notice of redemption and related materials are being mailed to holders of record of Series E Preferred Stock as of August 15, 2016. As specified in the notice of redemption, payment of the applicable redemption price, plus any accrued and unpaid dividends payable on the redemption date, without interest, will be made only upon presentation and surrender of the certificates representing the Series E Preferred Stock to the redemption agent, American Stock Transfer & Trust Company, LLC.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Digital Realty Trust, Inc., 7.00% Series E Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/15/2016 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 7.00% ($1.75) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board, not more than 35 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Upon the occurrence of a change of control resulting in the common shares of the surviving entity no longer being listed listed on the NYSE, the AMEX or the Nasdaq exchanges and the company has provided notice that they intend to redeem the preferred shares as a result of the change of control, the holder will have the right to convert the preferred shares into common shares (see the prospectus for details). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (DLR)
IPO - 9/9/2011 - 10.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: DLRPP Changed: 9/14/2011
Market Value $268.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: Four Embarcadero Center, Suite 3200, San Francisco, CA 94111 |
Main Phone Number |
415-738-6500 |
Fax Number |
Not Available |
Investor Relations
John Stewart
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415-848-9311
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Toll Free Phone Number |
877-357-7782 |
CEO - A. William Stein |
CFO - Andrew Power |
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