SAN FRANCISCO, Aug. 19 /PRNewswire-FirstCall/ -- Digital Realty Trust,
Inc. (NYSE: DLR), an owner and manager of corporate data centers and Internet
gateways, today announced that it is amending its 2004 dividend distributions
originally reported to you on Form 1099 as follows. Shareholders are urged to
consult with their personal tax advisors as to their specific tax treatment of
Digital Realty Trust's distributions.
Per Per
Per Share Share
Share Gross Ordinary
Cash Taxable Taxable
Declaration Record Payable Distrib- Distrib- Divid-
Date Date Date utions ution(1) end(1)
As
originally
reported 12/14/200412/31/20041/14/2005 $0.1563 $0.0450 $0.0450
As
Amended 12/14/200412/31/20041/14/2005 $0.1563 $0.0081 $0.0081
(1) In accordance with Internal Revenue Code (IRC) Section 857(b)(9),
any dividend declared by a real estate investment trust (REIT) in
October, November, or December of any calendar year, payable to
shareholders of record on a specified date in such a month, shall be
deemed to have been paid by the REIT on December 31 of such calendar
year and have been received by each shareholder on December 31 of
such calendar year. This rule applies only if the dividend is
actually paid by the REIT during January of the following calendar
year and only to the extent the distribution is out earnings and
profits of the prior calendar year. Accordingly, a portion of the
distribution declared to the shareholders of record on 12/14/04 and
paid 1/14/05 is treated as an ordinary taxable dividend in 2004.
About Digital Realty Trust, Inc.Digital Realty Trust, Inc. owns, acquires, repositions and manages
technology-related real estate. The Company's 34 properties contain
applications and operations critical to the day-to-day operations of
technology industry tenants and corporate enterprise data center tenants.
Comprising approximately 7.9 million net rentable square feet, excluding space
held for redevelopment, Digital Realty Trust's property portfolio is located
throughout the United States and in Western Europe. For additional
information, please visit the company's website at www.digitalrealtytrust.com.
Safe Harbor Statement
This press release contains forward-looking statements that are based on
current expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ
materially. These risks and uncertainties include adverse economic or real
estate developments in the Company's markets or the technology industry;
general economic conditions; defaults on or non-renewal of leases by tenants;
increased interest rates and operating costs; inability to manage growth
effectively; failure to obtain necessary outside financing; decreased rental
rates or increased vacancy rates; difficulties in identifying properties to
acquire and completing acquisitions; failure to successfully operate acquired
properties and operations, failure of acquired properties to perform as
expected; failure to maintain the company's status as a REIT; environmental
uncertainties and risks related to natural disasters; financial market
fluctuations; changes in foreign currency exchange rates; and changes in real
estate and zoning laws and increases in real property tax rates. For a
further list and description of such risks and uncertainties, see the reports
and other filings by the Company with the Securities and Exchange Commission,
including the Company's annual report on Form 10-K for the year ended
December 31, 2004. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
For Additional Information:
A. William Stein
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
(415) 738-6500
Amy Cozamanis
Investor/Analyst Information
Financial Relations Board
(310) 854-8314
Timothy Grace
Media Information
Financial Relations Board
(312) 640-6667
SOURCE Digital Realty Trust, Inc.
-0- 08/19/2005
/CONTACT: A. William Stein, Chief Financial Officer and Chief Investment
Officer of Digital Realty Trust, Inc., +1-415-738-6500; or Amy Cozamanis,
Investor/Analyst Information, +1-310-854-8314, or Timothy Grace, Media
Information, +1-312-640-6667, both of Financial Relations Board, for Digital
Realty Trust, Inc./
/Web site: http://www.digitalrealtytrust.com /
(DLR)
CO: Digital Realty Trust, Inc.
ST: California
IN: RLT CPR
SU: DIV
KA-LP
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5171 08/19/200507:00 EDThttp://www.prnewswire.com