Digital Realty issues shares, pays cash incentive for another $900,000 of 4.125% exchangeables

By Jennifer Chiou

New York, Sept. 17 - Digital Realty Trust, Inc. issued 28,496 restricted shares of common stock and paid an incentive fee of $5,918.67 in exchange for $900,000 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 accrued interest equal to $3,196.88 to Wells Fargo Securities, LLC, the holder of the convertibles.

Previously Digital Realty issued 373,487 restricted common shares and paid an incentive fee of $77,909.36 in exchange for $11,847,000 of the debentures to holder Merrill Lynch, Pierce, Fenner & Smith Inc. on Sept. 1.

Another prior exchange with Merrill 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 already 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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