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Digital Realty Trust, 5.50% Series D Cumulative Convertible Preferred Stock
Ticker Symbol: DGRDP*     CUSIP: 253868608     Exchange: OTOTC
* NOTE: This security is no longer trading as of 2/26/2013

Security has been Called for:  Tuesday, February 26, 2013

Feb. 19, 2013 -- Digital Realty Trust, Inc. today announced that the Company has elected to convert all outstanding shares of its 5.500% Series D Cumulative Convertible Preferred Stock into shares of common stock in accordance with the terms of the Series D Preferred Stock. As of February 15, 2013, there were 4,802,180 shares of Series D Preferred Stock outstanding. The conversion will take place and be effective on February 26, 2013. On the Conversion Date, each share of Series D Preferred Stock will convert into 0.6360 shares of common stock of the Company. The Company will not issue fractional shares of Common Stock upon the conversion of shares of the Series D Preferred Stock. Instead, the Company will pay the value of such fractional shares in cash in an amount equal to the fractional interest multiplied by the closing sale price per share of the Common Stock on the New York Stock Exchange on February 25, 2013, the trading day immediately prior to the Conversion Date. This conversion is being made at the Company's option pursuant to Section 8(c) of the Articles Supplementary establishing and fixing the rights and preferences of the Series D Preferred Stock. Pursuant to the terms of the Articles Supplementary governing the Series D Preferred Stock, the holders of shares of Series D Preferred Stock will not be entitled to receive any portion of the dividend accruing on the converted shares from December 31, 2012, which was the last dividend payment date, through the Conversion Date of February 26, 2013. On and after the Conversion Date, the only remaining rights of the holders of the shares of Series D Preferred Stock will be to receive 0.6360 shares of Common Stock per $25.00 liquidation preference and payment for any fractional interests. On or before the Conversion Date, all funds necessary for payment for any fractional shares will have been irrevocably set aside by the Company, separate and apart from other funds, in trust for the benefit of the holders of the shares of Series D Preferred Stock. Notice of the conversion will be delivered to The Depository Trust and Clearing Corporation on or about February 19, 2013. The holders of the shares of Series D Preferred Stock are advised that American Stock Transfer & Trust Company, LLC may withhold a portion of the amount payable for any fractional interest to any holder who has not previously furnished the Conversion Agent with certification establishing an exemption from or reduction in withholding. Accordingly, each holder who has not already done so is urged to execute and deliver an Internal Revenue Service Form W-9, an applicable Internal Revenue Service Form W-8 or other applicable form with its shares of Series D Preferred Stock in order to receive full payment for the fractional shares. Any funds deposited by the Company with the Conversion Agent to pay the fractional interests which are unclaimed at the expiration of two years from the Conversion Date will be repaid, together with any interest or other earnings thereon, to the Company and, after any such repayment, the holders of the shares of Series D Preferred Stock entitled to the funds so repaid to the Company shall look only to the Company for payment without interest or other earnings thereon. Questions and requests for assistance may be directed to the Conversion Agent at (877) 248-6417 or (718) 921-8317.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Digital Realty Trust Inc., 5.50% Series D Cumulative Convertible Preferred Stock, liquidation preference $25 per share, and with no stated maturity. Distributions of 5.50% ($1.375) 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). Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The preferred shares are convertible any time at the holder's option into 0.5955 common shares of Digital Realty Trust Inc. (NYSE: DLR), an initial conversion price of $41.98 per common share. On or after 2/6/2013, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. On or prior to 2/6/2015, if a fundamental change as defined in the prospectus occurs, the company will increase the conversion rate as specified on page S-36 of the prospectus. 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 convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Conv Shrs
Conv Price
Distribution Dates 15%
Tax Rate
OTOTCn
OTOTCps
5.50%
$1.375
$25.00
$25.00
Called for
2/26/2013

None
NF NF
11/15/2012
0.5955
$41.98
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (DLR)

IPO - 2/1/2008 - 12.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Market Value $300.0 Million

Company's Online Information Links
HOME PAGE:     http://www.digitalrealty.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address investorrelations@digitalrealty.com
Email Request Form on Website Go to Email Form

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 415-848-9311
Toll Free Phone Number 877-357-7782
CEO - A. William Stein CFO - Andrew Power

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