SAN FRANCISCO, Jan 22, 2010 /PRNewswire via COMTEX/ — Digital Realty Trust (NYSE:DLR, news, filings) today announced the tax treatment of its 2009 common and preferred stock dividends. Shareholders are urged to consult with their personal tax advisors as to their specific tax treatment of Digital Realty Trust’s distributions.
Digital Realty Trust, Inc. Common Stock Dividends
CUSIP # 253868103
Ticker Symbol: DLR
The 2009 taxable dividend of $1.510450 per share includes one quarterly distribution declared in 2008 and paid in 2009, three quarterly distributions declared and paid in 2009, and a portion (35.6556%) of quarterly distribution declared in 2009 and paid in January 2010. For tax reporting purposes, $1.510450 (100%) of the 2009 common dividend will be classified as ordinary taxable income on the 2009 Form 1099-DIV.
The following table contains this information on a quarterly basis.
2009 Ordinary
Declaration Payment Cash Dividend Taxable Dividend
Dates Record Dates Dates ($ per share) ($ per share)
----------- ------------ ------- ------------- ----------------
11/03/2008 12/15/2008 01/07/2009 $0.330000 $0.330000
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02/24/2009 03/16/2009 03/31/2009 $0.330000 $0.330000
---------- ---------- ---------- --------- ---------
04/28/2009 06/15/2009 06/30/2009 $0.330000 $0.330000
----------- ---------- ---------- --------- ---------
07/28/2009 09/15/2009 09/30/2009 $0.360000 $0.360000
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10/27/2009 12/15/2009 01/15/2010 $0.450000 $0.160450
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2009 Totals $1.800000 $1.510450
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Please note that of the $0.4500000 quarterly distribution paid in January 2010, $0.160450 is included in the 2009 common dividends and $0.289550 will be included in the 2010 common dividends.
Digital Realty Trust, Inc. Preferred Stock Dividends
Series A Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868202
Ticker Symbol: DLR-PA
During 2009 reportable dividends for Digital Realty’s Series A Cumulative Redeemable Preferred stock were $2.125000 per share. For tax reporting purposes, $2.125000 (100%) of the 2009 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.
2009 Ordinary
Declaration Payment Cash Dividend Taxable Dividend
Dates Record Dates Dates ($ per share) ($ per share)
----------- ------------ ------- ------------- ----------------
02/24/2009 03/16/2009 03/31/2009 $0.531250 $0.531250
---------- ---------- ---------- --------- ---------
04/28/2009 06/15/2009 06/30/2009 $0.531250 $0.531250
---------- ---------- ---------- --------- ---------
07/28/2009 09/15/2009 09/30/2009 $0.531250 $0.531250
----------- ---------- ---------- --------- ---------
10/27/2009 12/15/2009 12/31/2009 $0.531250 $0.531250
---------- ---------- ---------- --------- ---------
2009 Totals $2.125000 $2.125000
----------- --------- ---------
Series B Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868301
Ticker Symbol: DLR-PB
During 2009 reportable dividends for Digital Realty’s Series B Cumulative Redeemable Preferred stock were $1.968752 per share. For tax reporting purposes, $1.968752 (100%) of the 2009 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.
2008 Ordinary
Declaration Payment Cash Dividend Taxable Dividend
Dates Record Dates Dates ($ per share) ($ per share)
----------- ------------ ------- ------------- ----------------
02/24/2009 03/16/2009 03/31/2009 $0.492188 $0.492188
---------- ---------- ---------- --------- ---------
04/28/2009 06/15/2009 06/30/2009 $0.492188 $0.492188
---------- ---------- ---------- --------- ---------
07/28/2009 09/15/2009 09/30/2009 $0.492188 $0.492188
----------- ---------- ---------- --------- ---------
10/27/2009 12/15/2009 12/31/2009 $0.492188 $0.492188
---------- ---------- ---------- --------- ---------
2009 Totals $1.968752 $1.968752
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Series C Cumulative Convertible Preferred Stock Dividends
CUSIP # 253868509
Ticker Symbol: DLR-PC
During 2009 reportable dividends for Digital Realty’s Series C Cumulative Convertible Preferred stock were $1.093752 per share. For tax reporting purposes, $1.093752 (100%) of the 2009 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.
2009 Ordinary
Declaration Record Payment Cash Dividend ($ Taxable Dividend
Dates Dates Dates per share) ($ per share)
----------- ------ ------- ---------------- ----------------
02/24/2009 03/16/2009 03/31/2009 $0.273438 $0.273438
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04/28/2009 06/15/2009 06/30/2009 $0.273438 $0.273438
---------- ---------- ---------- --------- ---------
07/28/2009 09/15/2009 09/30/2009 $0.273438 $0.273438
---------- ---------- ---------- --------- ---------
10/27/2009 12/15/2009 12/31/2009 $0.273438 $0.273438
----------- ---------- ---------- --------- ---------
2009 Totals $1.093752 $1.093752
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Series D Cumulative Convertible Preferred Stock Dividends
CUSIP # 253868608
Ticker Symbol: DLR-PD
During 2009 reportable dividends for Digital Realty’s Series D Cumulative Convertible Preferred stock were $1.375000 per share. For tax reporting purposes, $1.375000 (100%) of the 2009 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.
2009 Ordinary
Declaration Record Payment Cash Dividend ($ Taxable Dividend
Dates Dates Dates per share) ($ per share)
----------- ------ ------- ---------------- ----------------
02/24/2009 03/16/2009 03/31/2009 $0.343750 $0.343750
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04/28/2009 06/15/2009 06/30/2009 $0.343750 $0.343750
---------- ---------- ---------- --------- ---------
07/28/2009 09/15/2009 09/30/2009 $0.343750 $0.343750
---------- ---------- ---------- --------- ---------
10/27/2009 12/15/2009 12/31/2009 $0.343750 $0.343750
----------- ---------- ---------- --------- ---------
2009 Totals $1.375000 $1.375000
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About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(R) and Powered Base Building(R) datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty Trust’s 81 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 14.4 million rentable square feet as of January 4, 2010, including 1.9 million square feet of space held for redevelopment, Digital Realty Trust’s portfolio is located in 27 markets throughout North America and Europe. For additional information, please visit Digital Realty Trust’s website at http://www.digitalrealtytrust.com/.
Safe Harbor Statement
This press release contains forward-looking statements, including statements related to the amount and timing of expected payment of dividends on our common stock and preferred stock, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include audit adjustment, adverse economic or real estate developments in the Company’s markets; general economic slow-downs or recessions; reductions in information technology spending; difficulties in or inability to lease space, including redeveloped space; construction and development delays; increased development costs; tenant bankruptcies or defaults under leases by tenants; failure to commence rental payments on time under signed leases; increased interest rates; increased operating costs; failure to obtain necessary outside financing; decreased rental rates or increased vacancy rates; difficulties in identifying properties to acquire; completing acquisitions at all or at acceptable return levels; failure to successfully operate properties; failure of existing, acquired or redeveloped properties to perform as expected; reductions in property values; failure to maintain the Company’s status as a REIT; environmental uncertainties and risks related to natural disasters; financial market fluctuations; changes in foreign currency exchange rates; risks of operating in foreign markets; and changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the United States Securities and Exchange Commission, including the Company’s annual report on Form 10-K for the year ended December 31, 2008 and the Company’s quarterly reports on Form 10-Q for the quarters ended March 31, 2009, June 30, 2009 and September 30, 2009. 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.
For Additional Information:
A. William Stein
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
+1 (415) 738-6500
Pamela Matthews
Investor/Analyst Information
Digital Realty Trust, Inc.
+1 (415) 738-6500
SOURCE Digital Realty Trust, Inc.
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