Digital Realty issues shares, pays cash incentive for $2.3 million of 4.125% exchangeables

By Angela McDaniels

Tacoma, Wash., Nov. 16 - Digital Realty Trust, Inc. issued 72,826 restricted shares of common stock and paid an incentive fee of $15,125 in exchange for $2.3 million 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 company also paid $23,718.75 for accrued interest to Stifel, Nicolaus & Co., Inc., the holder of the debentures.

The company has issued shares and paid incentive fees in exchange for $76,354,000 of the debentures in seven transactions this year.

The most recent previous exchange occurred on Sept. 24. The company issued 94,990 shares and paid an incentive fee of $19,500 in exchange for $3 million of the debentures held by AG Ofcon, Ltd.

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

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