PreferredStockChannel
Digital Realty Trust Inc | 5.875% Series G Cumulative Redeemable Preferred Stock (DLR.PRG)

Prospectus excerpt:  We are offering 9,000,000 shares of our 5.875% series G cumulative redeemable preferred stock, par value $0.01 per share, which we refer to in this prospectus supplement as the series G preferred stock. We will pay cumulative dividends on the series G preferred stock from the date of original issue at a rate of 5.875% per annum of the $25.00 liquidation preference per share (equivalent to an annual rate of $1.46875 per share). Dividends on the series G preferred stock will be payable quarterly in arrears on or about the last day of March, June, September and December of each year, beginning on June 28, 2013. The series G preferred stock will rank on parity with our outstanding preferred stock and senior to our common stock with respect to dividend rights and rights upon our liquidation, dissolution or winding-up.

Generally, we are not allowed to redeem the series G preferred stock prior to April 9, 2018, except in limited circumstances to preserve our status as a real estate investment trust, or REIT, and pursuant to the special optional redemption provision described below. On or after April 9, 2018, we may, at our option, redeem the series G preferred stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus all accrued and unpaid dividends on such series G preferred stock up to but excluding the redemption date. In addition, upon the occurrence of a change of control, as a result of which neither our common stock, par value $0.01 per share, nor the common securities of the acquiring or surviving entity (or American Depositary Receipts, or ADRs, representing such securities) is listed on the New York Stock Exchange, or NYSE, the NYSE MKT LLC, or the NYSE MKT, or the NASDAQ Stock Market, or NASDAQ, or listed or quoted on a successor exchange or quotation system, we may, at our option, redeem the series G preferred stock, in whole or in part within 120 days after the first date on which such change of control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If we exercise any of our redemption rights relating to the series G preferred stock, the holders of series G preferred stock will not have the conversion right described below. The series G preferred stock has no stated maturity and is not subject to mandatory redemption or any sinking fund. Holders of shares of the series G preferred stock will generally have no voting rights except for limited voting rights if we fail to pay dividends for six or more quarterly periods (whether or not consecutive) and in certain other circumstances.

Full Prospectus PDF », DLR Page »

Series:G
Alternate symbology:DLR-G, DLR-PG, DLRprG
Redeemable?:Yes
Call Date:4/9/2018 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:9,000,000
Overallotment:1,350,000
Liquidation Preference:$25
Original Coupon:5.88%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn DLR.PRG's Rating
Digital Realty Trust is a real estate investment trust. Co., through its controlling interest in Digital Realty Trust, L.P. (the Operating Partnership) and the subsidiaries of the Operating Partnership, is a global provider of data center solutions for customers across a variety of industry verticals ranging from cloud and information technology services, social networking and communications to financial services, manufacturing, energy, healthcare, and consumer products. The Operating Partnership conducts its business of owning, acquiring, developing and operating data centers. Co.'s portfolio of data centers provides various environments for the exchange, processing and storage of data.

Preferreds: DLR.PRF, DLR.PRE, DLR.PRG, DLR.PRH, DLR.PRI, DLR.PRC, DLR.PRJ, DLR.PRK, DLR.PRL


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Name: 
Digital Realty Trust Inc
Website: 
www.digitalrealty.com
Sector: 
REITs
Number of ETFs Holding DLR: 
97 (see which ones)
Total Market Value Held by ETFs: 
$5,571,898,655.9
Total Market Capitalization: 
$29,701,000,000
% of Market Cap. Held by ETFs: 
18.76%

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