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DuPont Fabros Technology, 7.625% Series B Cumul Redeem Perp Preferred Stock
Ticker Symbol: DFT-B* CUSIP: 26613Q304 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/15/2016
Security has been Called for: Friday, July 15, 2016
June 07, 2016 -- DuPont Fabros Technology, Inc. today announced that it intends to redeem on July 15, 2016 all of the shares of its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock remaining issued and outstanding as of the Redemption Date. The shares of Series B Preferred Stock will be redeemed at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid dividends on each share of Series B Preferred Stock to be redeemed from April 15, 2016 to the Redemption Date, which amount is equal to the Company’s previously declared quarterly dividend. Dividends on the shares of Series B Preferred Stock will cease to accrue on the Redemption Date. Upon redemption, the shares of Series B Preferred Stock will no longer be outstanding, and all rights of the holders of such shares will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest. Upon redemption, the Series B Preferred Stock will be delisted from trading on the New York Stock Exchange. _____________ May 10, 2016 -- DuPont Fabros Technology, Inc. today announced that it intends to redeem on June 9, 2016 all of the shares of its 7.875% Series A Cumulative Redeemable Perpetual Preferred Stock remaining issued and outstanding as of the Redemption Date and 2,650,000, representing approximately 39.8% of its 6,650,000 shares of its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock. The shares of Series A Preferred Stock and Series B Preferred Stock will be redeemed at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid dividends on each share of Series A Preferred Stock and on each share of Series B Preferred Stock, respectively, to be redeemed from April 15, 2016 to, but not including, the Redemption Date. Dividends on the shares of Series A Preferred Stock and on the shares of Series B Preferred Stock that are to be redeemed will cease to accrue on the Redemption Date. Upon redemption, the shares of Series A Preferred Stock and the redeemed shares of Series B Preferred Stock will no longer be outstanding, and all rights of the holders of such shares will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest. Upon redemption, the Series A Preferred Stock will be delisted from trading on the New York Stock Exchange.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: DuPont Fabros Technology, Inc. 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 3/15/2016 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 7.625% ($1.90625) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date fixed by the board, not more than 30 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 - 3/3/2011 - 3.60 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $90.0 Million
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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: 1212 New York Avenue NW, Suite 900, Washington, DC 20005 |
| Main Phone Number |
202-728-0044 |
| Fax Number |
202-728-0220 |
| Investor Relations
Steve Rubis
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202-478-2330
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Toll Free Phone Number |
Unknown |
| CEO - Christopher Eldredge |
CFO - Jeffrey H. Foster |
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