Digital Realty issues shares, pays cash incentive for $11.85 million additional 4.125% exchangeables

By Angela McDaniels

Tacoma, Wash., Sept. 1 - Digital Realty Trust, Inc. issued 373,487 restricted shares of common stock and paid an incentive fee of $77,909.36 in exchange for $11,847,000 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 Sept. 1.

This is the second exchange made with Merrill Lynch. The previous exchange occurred on Aug. 30.

In total, Digital Realty issued 436,539 shares of common stock and paid $91,061.95 in cash incentive fees in exchange for $13,847,000 principal amount of the exchangeables held by Merrill Lynch.

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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