Digital Realty to redeem all $250 million 5.875% series G preferreds

By Taylor Fox

New York, Sept. 15 – Digital Realty plans to redeem all $250 million, or 10 million outstanding shares, of its 5.875% series G cumulative redeemable preferred stock (Cusip: 253868889), according to a news release.

The preferreds will be redeemed on Oct. 15 for $25.00 per share, plus dividends in an amount equal to $0.057118 per share, for a total payment of $25.057118 per share, payable in cash.

After the redemption date, series G preferred stock will no longer be deemed outstanding and all the rights of the holders will terminate.

Following the redemption, the series G preferred stock (NYSE: DLRPrG) will no longer trade on the New York Stock Exchange.

Digital Realty owns, acquires, develops and operates data centers and is based in San Francisco.

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