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Press Release -- January 21st, 2011
Source: Digital Realty Trust
Tags: Datacenter, Exchange

Digital Realty Trust, Inc. Announces Tax Treatment of 2010 Dividends

SAN FRANCISCO, Jan. 21, 2011 /PRNewswire via COMTEX/ --

Digital Realty Trust (NYSE:DLR, news, filings) today announced the tax treatment of its 2010 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 2010 taxable dividend of $2.003006 per share includes a portion (35.65%) of quarterly distribution declared in 2009 and paid in 2010, three quarterly distributions declared and paid in 2010, and a portion (42.16%) of quarterly distribution declared in 2010 and paid in January 2011. For tax reporting purposes, $2.003006 (100%) of the 2010 common dividends will be classified as ordinary taxable income on the 2010 Form 1099-DIV.

The following table contains this information on a quarterly basis.

 
Declaration Dates Record Dates Payment Dates Cash Dividend
($ per share)
2010 Taxable Ordinary Dividend
($ per share)
 
10/27/2009 12/15/2009 01/15/2010 $0.450000 $0.28955  
02/23/2010 03/15/2010 03/31/2010 $0.480000 $0.480000  
04/27/2010 06/15/2010 06/30/2010 $0.480000 $0.480000  
07/19/2010 09/15/2010 09/30/2010 $0.530000 $0.530000  
11/02/2010 12/15/2010 01/14/2011 $0.530000 $0.223456  
2010 Totals $2.470000 $2.003006  
 
         

Please note that of the $0.5300000 quarterly distribution paid in January 2011, $0.223456 is included in the 2010 taxable common dividends and $0.306544 will be included in the 2011 taxable common dividends.

Digital Realty Trust, Inc. Preferred Stock Dividends

Series A Cumulative Redeemable Preferred Stock Dividends

CUSIP # 253868202

Ticker Symbol: DLR-PA

During 2010 reportable dividends for Digital Realty Trust's Series A Cumulative Redeemable Preferred stock were $1.375350 per share. For tax reporting purposes, $1.375350 (100%) of the 2010 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.

Declaration Dates Record Dates Payment Dates Cash Dividend

($ per share)

2010 Taxable Ordinary Dividend

($ per share)

 
02/23/2010 03/15/2010 03/31/2010 $0.531250 $0.531250  
04/27/2010 06/15/2010 06/30/2010 $0.531250 $0.531250  
07/19/2010 08/24/2010 08/24/2010(1) $0.312850 $0.312850  
2010 Totals $1.375350 $1.375350  
(1) Redeemed on August 24, 2010.  
         

Series B Cumulative Redeemable Preferred Stock Dividends

CUSIP # 253868301

Ticker Symbol: DLR-PB

During 2010 reportable dividends for Digital Realty Trust's Series B Cumulative Redeemable Preferred stock were $1.853904 per share. For tax reporting purposes, $1.853904 (100%) of the 2010 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.

Declaration Dates Record Dates Payment Dates Cash Dividend

($ per share)

2010 Taxable Ordinary Dividend

($ per share)

 
02/23/2010 03/15/2010 03/31/2010 $0.492188 $0.492188  
04/27/2010 06/15/2010 06/30/2010 $0.492188 $0.492188  
07/19/2010 09/15/2010 09/30/2010 $0.492188 $0.492188  
11/02/2010 12/10/2010 12/10/2010(2) $0.377340 $0.377340  
2010 Totals $1.853904 $1.853904  
(2) Redeemed on December 10, 2010.  
         

Series C Cumulative Convertible Preferred Stock Dividends

CUSIP # 253868509

Ticker Symbol: DLR-PC

During 2010 reportable dividends for Digital Realty Trust's Series C Cumulative Convertible Preferred stock were $1.468992 per share including taxable deemed distributions. For tax reporting purposes, $1.468992 (100%) of the 2010 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.

Declaration Dates Record Dates Payment Dates Cash Dividend

($ per share)

Dividend
Deemed
under IRC
Sec 305
2010 Taxable Ordinary Dividend

($ per share)

 
02/23/2010 03/15/2010 03/31/2010 $0.273438 $0.273438  
04/27/2010 06/15/2010 06/30/2010 $0.273438 $0.273438  
09/13/2010(3) $0.375240 $0.375240  
07/19/2010 09/15/2010 09/30/2010 $0.273438 $0.273438  
11/02/2010 12/15/2010 12/31/2010 $0.273438 $0.273438  
2010 Totals $1.093752 $1.468992  
(3) IRC Sec 305 deemed dividend date.  
           

Series D Cumulative Convertible Preferred Stock Dividends

CUSIP # 253868608

Ticker Symbol: DLR-PD

During 2010 reportable dividends for Digital Realty Trust's Series D Cumulative Convertible Preferred stock were $1.844200 per share including taxable deemed distributions. For tax reporting purposes, $1.844200 (100%) of the 2010 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.

Declaration Dates Record Dates Payment Dates Cash Dividend

($ per share)

Dividend
Deemed
under IRC
Sec 305
2010 Taxable Ordinary Dividend

($ per share)

 
02/23/2010 03/15/2010 03/31/2010 $0.343750 $0.343750  
06/11/2010(4) $0.469200 $0.469200  
04/27/2010 06/15/2010 06/30/2010 $0.343750 $0.343750  
07/19/2010 09/15/2010 09/30/2010 $0.343750 $0.343750  
11/02/2010 12/15/2010 12/31/2010 $0.343750 $0.343750  
2010 Totals $1.375000 $1.844200  
(4) IRC Sec 305 deemed dividend date.  
           

About Digital Realty Trust, Inc.

Digital Realty Trust, Inc. enables customers to deliver critical business applications by providing secure, reliable and cost effective datacenter facilities. Digital Realty Trust's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty Trust's 96 properties, excluding two properties held as investments in unconsolidated joint ventures, comprise approximately 16.8 million square feet as of December 9, 2010, including 2.3 million square feet of space held for redevelopment. Digital Realty Trust's portfolio is located in 28 markets throughout Europe, North America and Singapore. 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 which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the payment of dividends on our common stock and preferred stock. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions; current local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; our failure to repay debt when due or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; 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, 2009 and the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010, June 30, 2010 and September 30, 2010. 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 Pamela A. Matthews  
Chief Financial Officer and Investor/Analyst Information  
Chief Investment Officer Digital Realty Trust, Inc.  
Digital Realty Trust, Inc. +1 (415) 738-6500  
+1 (415) 738-6500  
   

SOURCE Digital Realty Trust, Inc.

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