Digital Realty Trust Inc | 5.200% Series L Cumulative Redeemable Preferred Stock (DLR.PRL)
Prospectus excerpt: We are offering 12,000,000 shares of our 5.200% series L cumulative redeemable preferred stock, par value $0.01 per share, which we refer to in this prospectus supplement as the series L preferred stock. We will pay cumulative dividends on the series L preferred stock from the date of original issue at a rate of 5.200% per annum of the $25.00 liquidation preference per share (equivalent to an annual rate of $1.30 per share). Dividends on the series L preferred stock will be payable quarterly in arrears on or about the last day of March, June, September and December of each year, beginning December 31, 2019. The series L 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.
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.