|
DuPont Fabros Technology, 6.625% Series C Cumulative Redeem Perp Preferred Stock
Ticker Symbol: DFT-C* CUSIP: 26613Q403 Exchange: NYSE
* Symbol changed!! New symbol: DLR-C
as of 9/14/2017
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: DuPont Fabros Technology, Inc., 6.625% Series C Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 5/15/2021 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.625% ($1.65625) per annum or $0.4140625 per quarter) are paid quarterly on 2/15, 5/15, 8/15 & 11/15 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 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). Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (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. This security was rated as Ba2 by Moody’s and B- by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (DLR)
Notes: From the form 25-NSE filed with the SEC on 9/14/2017 -- NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on September 25, 2017 The merger between DuPont Fabros Technology, Inc., and Digital Realty Trust, Inc., became effective on September 14, 2017. Each share of DuPont Fabros Technology, Inc. 6.625% Series C Cumulative Redeemable Perpetual Preferred Stock will convert into one share of a newly designated class of preferred stock of Digital Realty Trust, Inc., the 6.625% Series C Cumulative Redeemable Perpetual Preferred Stock. The Exchange also notifies the Securities and Exchange Commission that as a result of the above indicated conditions this security was suspended from trading on September 14, 2017.
|
IPO - 5/9/2016 - 7.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: DFTPP Changed: 5/18/2016
Market Value $175.0 Million
|
Company's Online Information Links
|
| 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
|
202-478-2330
|
Toll Free Phone Number |
Unknown |
| CEO - Christopher Eldredge |
CFO - Jeffrey H. Foster |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
