Digital Realty Trust, Inc. Announces Tax Treatment of 2006 Dividends
SAN FRANCISCO, Jan. 22 /PRNewswire-FirstCall/ -- Digital Realty Trust (NYSE: DLR) today announced the tax treatment of its 2006 common and preferred stock dividends. Shareholders are urged to consult with their personal tax advisors as to their specific tax treatment of Digital Realty Trust's distributions.
Digital Realty Trust, Inc. Common Stock Dividends
CUSIP # 253868103
Ticker Symbol: DLR
During 2006, the reportable dividend totaling $1.06000 per share is
classified for income tax purposes as follows: $0.78360 per share (73.93%) as
ordinary taxable income; $0.27640 per share (26.07%) as return of capital on
2006 Form 1099-DIV. The following table contains this information on a
quarterly basis.
2006
Ordinary
Declaration Record Payment Cash Taxable 2006 Return
Date* Date Date Dividend Dividend of Capital
($ per ($ per ($ per
share) share) share)
11/08/2005 12/30/2005 01/13/2006 $0.26500 $0.19590 $0.06910
02/27/2006 03/15/2006 03/31/2006 $0.26500 $0.19590 $0.06910
05/01/2006 06/15/2006 06/30/2006 $0.26500 $0.19590 $0.06910
07/31/2006 09/15/2006 10/02/2006 $0.26500 $0.19590 $0.06910
2006 Totals $1.06000 $0.78360 $0.27640
* For the common dividend declared on December 29, 2006 and paid on
January 16, 2007, $0.28625 is considered a reportable dividend for 2007
income tax purposes.
Digital Realty Trust, Inc. Preferred Stock Dividends
Series A Preferred Stock Dividends
CUSIP # 253868202
Ticker Symbol: DLR-PA
During 2006, reportable dividends for Digital Realty's Series A Preferred stock were $2.12500 per share. For tax reporting purposes, $2.12500 (100%) of the 2006 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.
2006
Ordinary Percentage
Declaration Record Payment Cash Taxable 2006
Date Date Date Dividend Dividend Ordinary
($ per ($ per Taxable
share) share) Dividend
02/27/2006 03/15/2006 03/31/2006 $0.53125 $0.53125 100.00%
05/01/2006 06/15/2006 06/30/2006 $0.53125 $0.53125 100.00%
07/31/2006 09/15/2006 10/02/2006 $0.53125 $0.53125 100.00%
10/31/2006 12/15/2006 12/29/2006 $0.53125 $0.53125 100.00%
2006 Totals $2.12500 $2.12500 100.00%
Series B Preferred Stock Dividends
CUSIP # 253868301
Ticker Symbol: DLR-PB
During 2006, reportable dividends for Digital Realty's Series B Preferred stock were $1.96876 per share. For tax reporting purposes, $1.96876 (100%) of the 2006 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.
2006
Ordinary Percentage
Declaration Record Payment Cash Taxable 2006
Date Date Date Dividend Dividend Ordinary
($ per ($ per Taxable
share) share) Dividend
02/27/2006 03/15/2006 03/31/2006 $0.49219 $0.49219 100.00%
05/01/2006 06/15/2006 06/30/2006 $0.49219 $0.49219 100.00%
07/31/2006 09/15/2006 10/02/2006 $0.49219 $0.49219 100.00%
10/31/2006 12/15/2006 12/29/2006 $0.49219 $0.49219 100.00%
2006 Totals $1.96876 $1.96876 100.00%
About Digital Realty Trust, Inc.Digital Realty Trust, Inc. owns, acquires, repositions and manages technology-related real estate. Digital Realty Trust's 60 properties contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 11.4 million rentable square feet, including 1.5 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 25 markets throughout North America and Europe. For additional information, please visit the Digital Realty Trust's website at http://www.digitalrealtytrust.com.
Safe Harbor Statement
This press release contains forward-looking statements, including related to the payment of dividends, which 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, 2005. 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 Pamela A. Matthews
Chief Financial Officer and Investor/Analyst Information
Chief Investment Officer Digital Realty Trust, Inc.
Digital Realty Trust, Inc. (415) 738-6500
(415) 738-6500
SOURCE Digital Realty Trust, Inc.