QTS Realty Trust to convert 6.5% series A convertibles on July 28

By Mary-Katherine Stinson

Lexington, Ky., July 21 – QTS Realty Trust, Inc. will exercise its conversion right for each outstanding 6.5% series A cumulative convertible perpetual preferred limited liability company unit of QTS into $167.40 in cash, according to a press release.

The mandatory conversion date will be July 28.

Distributions will cease to accrue on the series A preferreds on the mandatory conversion date.

Computershare Trust Co., NA is serving as the conversion agent.

QTS Realty is an Overland Park, Kan.-based provider of data center solutions.

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