Digital Realty preferred dividends force adjustment of conversion rate

By Devika Patel

Knoxville, Tenn., June 16 - Digital Realty Trust, Inc. said it has adjusted the conversion rate of its series D preferred stock to 0.6030 common shares per $25.00 liquidation preference of the preferreds, effective June 11.

The adjustment is a result of the company paying dividends on the preferreds in excess of the reference dividend.

Digital Realty is a real estate investment trust based in San Francisco.

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