SAN FRANCISCO, Sept. 15, 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 5.875% Series G Cumulative Redeemable
Preferred Stock (CUSIP: 253868 889). 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.
After the redemption date, Series G Preferred Stock will no longer
be deemed outstanding and all the rights of the holders of Series G
Preferred Stock will terminate, except the right to receive the
redemption price. In addition, because all the issued and
outstanding shares of Series G Preferred Stock are being redeemed,
the Series G Preferred Stock will no longer trade on the New York
Stock Exchange after the redemption date. The Series G
Preferred Stock currently trades on the NYSE under the symbol
DLR.PRG.
The notice of redemption and related materials are being mailed
to holders of record of Series G Preferred Stock as of September 15, 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 G Preferred
Stock to the redemption agent, American Stock Transfer & Trust
Company, LLC.
Questions regarding the redemption of the Series G 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 / Jim Huseby
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 G 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 Reports
on Form 10-Q for the quarters ended March
31, 2020 and June 30, 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