Digital Realty adjusts conversion ratios of 4.375%, 5.5% convertibles

By Angela McDaniels

Tacoma, Wash., Sept. 13 - Digital Realty Trust, Inc. adjusted the conversion ratios of its 4.375% series C cumulative convertible preferred stock and 5.5% series D cumulative convertible preferreds, according to an 8-K filing with the Securities and Exchange Commission.

The conversion ratio is now 0.542 shares of common stock per $25 liquidation preference of series C convertibles and 0.620 shares per $25 liquidation preference of series D convertibles.

The adjusted conversion ratios became effective on Tuesday.

The adjustments were triggered by the dividends declared on the company's common stock for the second and third quarters.

As of Tuesday, the conversion ratio of Digital Realty Trust, LP's 5.5% exchangeable senior debentures due 2029 is 23.905 shares per $1,000 principal amount.

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

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