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Digital Realty Trust, 5.875% Series G Cumulative Redeemable Preferred Stock
Ticker Symbol: DLR-G* CUSIP: 253868889 Exchange: NYSE
* NOTE: This security is no longer trading as of 10/15/2020
Security has been Called for: Thursday, October 15, 2020
Sept. 15, 2020 -- Digital Realty (NYSE: DLR), a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it intends to redeem all 10,000,000 outstanding shares of its 5.875% Series G Cumulative Redeemable Preferred Stock (CUSIP: 253868889). Series G 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 October 15, 2020. The Series G 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 $0.057118 per share, for a total payment of $25.057118 per share, which will be payable in cash, without interest on the redemption date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Digital Realty Trust, Inc., 5.875% Series G Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 4/9/2018 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 5.875% per annum ($1.46875 per annum or $0.3671875 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 resulting in the common shares of the surviving entity no longer being listed on the NYSE, the AMEX or the Nasdaq exchanges 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 - 4/2/2013 - 9.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: DGLRP Changed: 4/10/2013
Market Value $225.0 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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