SAN FRANCISCO, Aug. 7, 2020 /PRNewswire/ -- 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 6.350% Series I Cumulative Redeemable
Preferred Stock (CUSIP: 253868 863). Series I 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 September
8, 2020. The Series I 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 $0.29545
per share, for a total payment of $25.29545 per share, which will be payable in
cash, without interest on the redemption date. After the
redemption date, Series I Preferred Stock will no longer be deemed
outstanding and all the rights of the holders of Series I Preferred
Stock will terminate, except the right to receive the redemption
price. In addition, because all the issued and outstanding
shares of Series I Preferred Stock are being redeemed, the Series I
Preferred Stock will no longer trade on the New York Stock Exchange
after the redemption date. The Series I Preferred Stock
currently trades on the NYSE under the symbol DLR.PRI.
The notice of redemption and related materials are being mailed
to holders of record of Series I Preferred Stock as of August 7, 2020. As specified in the notice
of redemption, payment of the applicable redemption price, plus any
accrued and unpaid dividends payable on the redemption date,
without interest, will be made only upon presentation and surrender
of the certificates representing the Series I Preferred Stock to
the redemption agent, American Stock Transfer & Trust Company,
LLC.
Questions regarding the redemption of the Series I Preferred
Stock may be directed to American Stock Transfer & Trust
Company, LLC at:
American Stock Transfer & Trust Company, LLC
Operations Center
6201 15th Avenue
Brooklyn, NY 11219
Attention: Reorganization Department
Tel.: (800) 937-5449
For Additional Information
Andrew P. Power
Chief Financial Officer
Digital Realty
(415) 738-6500
Investor Relations
John J. Stewart
Digital Realty
(415) 738-6500
InvestorRelations@digitalrealty.com
About Digital Realty
Digital Realty supports the data center, colocation and
interconnection strategies of customers across the Americas, EMEA
and APAC, ranging from cloud and information technology services,
communications and social networking to financial services,
manufacturing, energy, healthcare and consumer products.
www.digitalrealty.com
Safe Harbor Statement
This press release contains forward-looking statements that are
based on current expectations, forecasts and assumptions that
involve risks and uncertainties that could cause actual outcomes
and results to differ materially, including statements related to
the timing and consummation of the redemption of the Series I
Preferred Stock. For a list and description of such risks and
uncertainties, see the reports and other filings by Digital Realty
Trust, Inc. and Digital Realty Trust, L.P. with the U.S. Securities
and Exchange Commission, including Digital Realty Trust, Inc. and
Digital Realty Trust, L.P.'s combined Annual Report on Form 10-K
for the year ended December 31, 2019,
Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, and other documents subsequently
filed by the company with the SEC. The company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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SOURCE Digital Realty