WASHINGTON, Jan. 26, 2017 (GLOBE NEWSWIRE) — DuPont Fabros Technology Inc. (NYSE:DFT, news, filings), a leading owner, developer, operator and manager of enterprise-class, carrier-neutral, large scale multi-tenant wholesale data centers, today announced the tax reporting information for distributions made on its commons shares and preferred shares for the 2016 tax year. Today’s release is based on the preliminary results of the Company’s tax filings and are subject to correction or adjustment upon completion of the filings. The Company expects no material change to the information reported, below. Shareholders are urged to consult with their personal tax advisors as to their specific tax treatment of DuPont Fabros Technology’s distributions.
“We are excited that we generated the highest total shareholder return of 44% on any data center REIT in 2016 due in part to our sector leading dividend yield,” said Jeffrey H. Foster, Chief Financial Officer of DFT.
DuPont Fabros Technology Inc., Common Stock
CUSIP # 26613Q106
Ticker Symbol: DFT
The 2016 taxable dividend of $1.55 per share includes a portion (~30%) of one quarterly distribution declared in 2015 and paid in January 2016, and three quarterly distributions declared and paid in 2016. The 2016 taxable dividend will be classified on Form 1099-DIV, as follows: $0.86 per share (55%) as ordinary income, and $0.69 per share (45%) as return of capital. The return of capital distribution is attributable to the tax loss realized on the sale of the NJ1 facility in June 2016.
| Record Date | Payment Date | Total Distribution Per Share |
2016 Taxable Dividend Per Share |
2016 Taxable Ordinary Dividend Per Share |
Non-Dividend Distributions Per Share |
|||||||||
| 12/30/2015 | 01/15/2016 | $ | 0.47 | $ | 0.14 | $ | 0.08 | $ | 0.06 | |||||
| 04/01/2016 | 04/15/2016 | $ | 0.47 | $ | 0.47 | $ | 0.26 | $ | 0.21 | |||||
| 07/01/2016 | 07/15/2016 | $ | 0.47 | $ | 0.47 | $ | 0.26 | $ | 0.21 | |||||
| 10/07/2016 | 10/17/2016 | $ | 0.47 | $ | 0.47 | $ | 0.26 | $ | 0.21 | |||||
| 12/30/2016 | 01/17/2016 | $ | 0.50 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||
| 2016 Totals: | $ | 2.38 | $ | 1.55 | $ | 0.86 | $ | 0.69 | ||||||
The quarterly distribution of $0.50 paid in January 2017 will be allocated and reported in the 2017 tax year.
DuPont Fabros Technology Inc., Series A Cumulative Redeemable Preferred Stock
CUSIP # 26613Q205
Ticker Symbol: DFT.PRA
The 2016 taxable dividends for DuPont Fabros Technology, Inc.’s, Series A Cumulative Redeemable Preferred Stock were$0.4921875 per share, plus either $0.2242188 per share or $0.2898438 per share depending on when shares held were redeemed. On May 27, 2016, DuPont Fabros Technology partially redeemed its Series A Cumulative Redeemable Preferred Stock for $25.2242188 per share, which consisted of a $25 redemption price, plus all accrued and unpaid dividends in the amount of $0.2242188 per share. On June 9, 2016, DuPont Fabros Technology redeemed its remaining Series A Cumulative Redeemable Preferred Stock for $25.2898438 per share, which consisted of a $25 redemption price, plus all accrued and unpaid dividends in the amount of $0.2898438 per share.
| Record Date | Payment Date | 2016 Total Distribution Per Share |
2016 Taxable Ordinary Dividend Per Share |
|||||
| 04/01/2016 | 04/15/2016 | $ | 0.4921875 | $ | 0.4921875 | |||
| 05/27/2016 | 05/27/2016 | $ | 0.2242188 | $ | 0.2242188 | |||
| 06/09/2016 | 06/09/2016 | $ | 0.2898438 | $ | 0.2898438 | |||
DuPont Fabros Technology Inc., Series B Cumulative Redeemable Preferred Stock
CUSIP #26613Q204
Ticker Symbol: DFT.PRB
The 2016 taxable dividends for DuPont Fabros Technology, Inc.’s, Series B Cumulative Redeemable Preferred Stock were$0.4765625 per share, plus either $0.2806424 per share or $0.4765625 per share depending on when shares held were redeemed. On June 9, 2016, DuPont Fabros Technology partially redeemed its Series B Cumulative Redeemable Preferred Stock for $25.2806424 per share, which consisted of a $25 redemption price, plus all accrued and unpaid dividends in the amount of $0.2806424 per share. On July 15, 2016, DuPont Fabros Technology redeemed its remaining Series B Cumulative Redeemable Preferred Stock for $25 per share, which consisted of a $25 redemption price.
| Record Date | Payment Date | 2016 Total Distribution Per Share |
2016 Taxable Ordinary Dividend Per Share |
|||||
| 04/01/2016 | 04/15/2016 | $ | 0.4765625 | $ | 0.4765625 | |||
| 06/09/2016 | 06/09/2016 | $ | 0.2806424 | $ | 0.2806424 | |||
| 07/01/2016 | 07/15/2016 | $ | 0.4765625 | $ | 0.4765625 | |||
DuPont Fabros Technology Inc., Series C Cumulative Redeemable Preferred Stock
CUSIP # 26613Q403
Ticker Symbol: DFT.PRC
The 2016 taxable dividend for DuPont Fabros Technology, Inc.’s, Series B Cumulative Redeemable Preferred Stock was$0.8235243 per share. The Company issued its Series C Cumulative Redeemable Preferred Stock on May 17, 2016.
| Record Date | Payment Date | 2016 Total Distribution Per Share |
2016 Taxable Ordinary Dividend Per Share |
|||||
| 08/01/2016 | 08/15/2016 | $ | 0.4094618 | $ | 0.4094618 | |||
| 11/01/2016 | 11/15/2016 | $ | 0.4140625 | $ | 0.4140625 | |||
| 2016 Totals: | $ | 0.8235243 | $ | 0.8235243 | ||||
About DuPont Fabros Technology Inc.
DuPont Fabros Technology Inc. (NYSE:DFT) is a leading owner, developer, operator and manager of enterprise-class, carrier-neutral, large multi-tenant wholesale data centers. The Company’s facilities are designed to offer highly specialized, efficient and safe computing environments in a low-cost operating model. The Company’s customers outsource their mission-critical applications and include national and international enterprises across numerous industries, such as technology, Internet content providers, media, communications, cloud-based, healthcare and financial services. The Company’s 11 data centers are located in three major U.S. markets and total 3.3 million gross square feet and 287 megawatts of available critical load to power the servers and computing equipment of its customers. DuPont Fabros Technology is a real estate investment trust (REIT) headquartered in Washington, D.C. For more information, please visit www.dft.com
For Additional Information: Jeffrey H. Foster Chief Financial Officer +1 (202) 478-2333 Steve Rubis Vice President, Investor Relations +1 (202) 478-2330
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