Summary
Digital Realty Trust, Inc. (DLR) announced via an 8-K filing on April 15, 2021, its intention to redeem all outstanding shares of its 6.625% Series C Cumulative Redeemable Perpetual Preferred Stock. The redemption is scheduled for May 17, 2021, with a redemption price of $25.00 per share, plus any accrued and unpaid dividends, totaling $25.211632 per share. This action is being taken at the company's option and is a significant event for holders of the Series C Preferred Stock. This redemption represents a strategic financial decision by Digital Realty, likely aimed at optimizing its capital structure or reducing preferred dividend payments. Investors holding the Series C Preferred Stock should note the upcoming redemption date and the total payout per share. The company also included standard cautionary statements regarding forward-looking statements, highlighting that actual results could differ materially due to various risks and uncertainties.
Key Highlights
- 1Digital Realty to redeem all 8,050,000 shares of its 6.625% Series C Cumulative Redeemable Perpetual Preferred Stock.
- 2The redemption date is set for May 17, 2021.
- 3The redemption price is $25.00 per share, plus accrued and unpaid dividends of $0.211632 per share, for a total of $25.211632 per share.
- 4The redemption is being exercised at the company's option.
- 5A press release announcing the redemption was issued on April 15, 2021, and is included as an exhibit.
- 6The filing includes a cautionary statement about forward-looking statements and associated risks and uncertainties.