8-KRegulation FDExhibits & Filings

DIGITAL REALTY TRUST, INC. 8-K Report, Regulation FD Disclosure (Dec 13, 2010)

Filed December 13, 2010For Securities:DLRDLR-PJDLR-PKDLR-PL

Summary

Digital Realty Trust, Inc. (DLR) filed a Form 8-K on December 13, 2010, primarily to disclose adjustments to conversion and exchange rates for its outstanding preferred stock and exchangeable senior debentures. This filing is important for investors holding these securities as it provides updated figures that affect the potential equity stake they can obtain from these instruments. The adjustments are being communicated to holders of the 4.125% Exchangeable Senior Debentures due 2026 through a Notice of Adjustment to Exchange Rate, attached as an exhibit. For investors, understanding these adjusted rates is crucial for evaluating the potential dilution or upside from converting preferred stock or exchanging debentures. The filing details specific conversion ratios for Series C and Series D Cumulative Convertible Preferred Stock, as well as exchange ratios for the 2026 and 2029 series of Exchangeable Senior Debentures. While the filing itself does not contain significant new financial data or strategic announcements, it serves as a critical update for holders of these specific debt and equity-linked instruments.

Key Highlights

  • 1DLR is providing an update on conversion and exchange rates for its preferred stock and exchangeable senior debentures.
  • 2A Notice of Adjustment to Exchange Rate will be distributed to holders of the 4.125% Exchangeable Senior Debentures due 2026.
  • 3The filing details updated conversion rates for Series C (0.5290 shares per $25.00 liquidation preference) and Series D (0.6030 shares per $25.00 liquidation preference) Cumulative Convertible Preferred Stock.
  • 4Updated exchange rates for the 4.125% Exchangeable Senior Debentures due 2026 (31.8250 shares per $1,000 principal amount) and 5.50% Exchangeable Senior Debentures due 2029 (23.5360 shares per $1,000 principal amount) are provided.
  • 5The information is furnished under Regulation FD and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
  • 6This 8-K does not incorporate the information into future SEC filings by reference.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose updated conversion rates for Digital Realty Trust's convertible preferred stock and exchange rates for its exchangeable senior debentures. This is a required disclosure to inform holders of these securities about changes that affect their potential equity conversion.

The filing provides updated rates for the 4.375% Series C Cumulative Convertible Preferred Stock, the 5.500% Series D Cumulative Convertible Preferred Stock, the 4.125% Exchangeable Senior Debentures due 2026, and the 5.50% Exchangeable Senior Debentures due 2029.

The Notice of Adjustment to Exchange Rate will be distributed to holders of Digital Realty Trust, L.P.'s (the operating partnership) 4.125% Exchangeable Senior Debentures due 2026.

No, this 8-K filing is specifically for Regulation FD disclosure concerning adjustments to conversion and exchange rates. It does not contain new financial statements, earnings reports, or major strategic business updates.