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Digital Realty Trust, 6.625% Series C Cumulative Redeemable Perp Preferred Stock
Ticker Symbol: DLR-C* CUSIP: 253868848 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/17/2021
Security has been Called for: Monday, May 17, 2021
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April 15, 2021 -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it intends to redeem all 8,050,000 outstanding shares of its 6.625% Series C Cumulative Redeemable Perpetual Preferred Stock, or Series C Preferred Stock (CUSIP: 253868848). The Series C 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 May 17, 2021. The Series C Preferred Stock will be redeemed for $25.00 per share, plus all accrued and unpaid dividends to, but not including, the redemption date in an amount equal to $0.211632 per share, for a total payment of $25.211632 per share, which will be payable in cash, without interest on the redemption date. 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.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Digital Realty Trust, 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% per annum ($1.65625 per annum or $0.4140625 per quarter) will be 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 one business day prior to the record date). 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 Baa3 by Moody’s and BB+ 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 preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (DLR)
IPO - 9/13/2017 - 8.05 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: DFT-C Changed: 9/14/2017
Market Value $201.0 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: 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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