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Digital Realty issues shares, pays cash incentive for $2 million of 4.125% exchangeables
By Angela McDaniels
Tacoma, Wash., Aug. 30 - Digital Realty Trust, Inc. issued 63,052 restricted shares of common stock and paid an incentive fee of $13,152.59 in exchange for $2 million principal amount of its operating partnership's 4.125% exchangeable senior debentures due 2026, according to an 8-K filing with the Securities and Exchange Commission.
The holder of the exchangeables, Merrill Lynch, Pierce, Fenner & Smith Inc., also received accrued interest. The exchange was made Aug. 30.
The company will issue up to 436,539 shares of common stock and pay up to $91,061.95 in cash incentive fees in exchange for up to $13,847,000 principal amount of the exchangeables held by Merrill Lynch in multiple settlements.
As previously reported, the San Francisco real estate investment trust issued 236,444 shares and paid an incentive fee of $37,515.54 in exchange for $7.5 million principal amount of the exchangeables held by Basso Holdings Ltd. on July 27.
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