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Digital Realty Trust, Inc. Announces Tax Treatment of 2008 Dividends

Posted on: Thursday, 22 January 2009, 18:33 CST

SAN FRANCISCO, Jan. 22 /PRNewswire-FirstCall/ -- Digital Realty Trust (NYSE: DLR) today announced the tax treatment of its 2008 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

The 2008 common dividend of $1.2400 per share includes one quarterly distribution declared in 2007 and paid in 2008 and three quarterly distributions declared and paid in 2008. For tax reporting purposes, $1.240000 (100%) of the 2008 common dividend will be classified as ordinary taxable income on the 2008 Form 1099-DIV.

The following table contains this information on a quarterly basis.

Digital Realty Trust, Inc. Preferred Stock Dividends

Series A Cumulative Redeemable Preferred Stock Dividends CUSIP # 253868202 Ticker Symbol: DLR-PA

During 2008, reportable dividends for Digital Realty's Series A Cumulative Redeemable Preferred stock were $2.125000 per share. For tax reporting purposes, $2.125000 (100%) of the 2008 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.

Cash 2008 Ordinary Taxable Declaration Dividend Dividend Date Record Date Payment Date ($per share) ($per share) 02/25/2008 03/17/2008 03/31/2008 $0.531250 $0.531250 05/05/2008 06/16/2008 06/30/2008 $0.531250 $0.531250 08/04/2008 09/15/2008 09/30/2008 $0.531250 $0.531250 11/03/2008 12/15/2008 12/31/2008 $0.531250 $0.531250 2008 Totals $2.125000 $2.125000

Series B Cumulative Redeemable Preferred Stock Dividends CUSIP # 253868301 Ticker Symbol: DLR-PB

During 2008 reportable dividends for Digital Realty's Series B Cumulative Redeemable Preferred stock were $1.968752 per share. For tax reporting purposes, $1.968752 (100%) of the 2008 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.

Cash 2008 Ordinary Taxable Declaration Dividend Dividend Date Record Date Payment Date ($per share) ($per share) 02/25/2008 03/17/2008 03/31/2008 $0.492188 $0.492188 05/05/2008 06/16/2008 06/30/2008 $0.492188 $0.492188 08/04/2008 09/15/2008 09/30/2008 $0.492188 $0.492188 11/03/2008 12/15/2008 12/31/2008 $0.492188 $0.492188 2008 Totals $1.968752 $1.968752

Series C Cumulative Convertible Preferred Stock Dividends CUSIP # 253868509 Ticker Symbol: DLR-PC

During 2008 reportable dividends for Digital Realty's Series C Cumulative Convertible Preferred stock were $1.093752 per share. For tax reporting purposes, $1.093752 (100%) of the 2008 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.

Cash 2008 Ordinary Taxable Declaration Dividend Dividend Date Record Date Payment Date ($per share) ($per share) 02/25/2008 03/17/2008 03/31/2008 $0.273438 $0.273438 05/05/2008 06/16/2008 06/30/2008 $0.273438 $0.273438 08/04/2008 09/15/2008 09/30/2008 $0.273438 $0.273438 11/03/2008 12/15/2008 12/31/2008 $0.273438 $0.273438 2008 Totals $1.093752 $1.093752

Series D Cumulative Convertible Preferred Stock Dividends CUSIP # 253868608 Ticker Symbol: DLR-PD

During 2008 reportable dividends for Digital Realty's Series D Cumulative Convertible Preferred stock were $1.241319 per share. For tax reporting purposes, $1.241319 (100%) of the 2008 reportable dividend will be classified as ordinary taxable income. The following table contains this information on a quarterly basis.

Cash 2008 Ordinary Taxable Declaration Dividend Dividend Date Record Date Payment Date ($per share) ($per share) 02/25/2008 03/17/2008 03/31/2008 $0.210069 $0.210069 05/05/2008 06/16/2008 06/30/2008 $0.343750 $0.343750 08/04/2008 09/15/2008 09/30/2008 $0.343750 $0.343750 11/03/2008 12/15/2008 12/31/2008 $0.343750 $0.343750 2008 Totals $1.241319 $1.241319

About Digital Realty Trust, Inc.

Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and internet enterprises, to manufacturing and financial services. Digital Realty Trust's 74 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 12.9 million square feet as of November 4, 2008, including 1.9 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 27 markets throughout Europe and North America. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.com.

Safe Harbor Statement

This press release contains forward-looking statements, including statements related to the amount and timing of expected payment of dividends on our common stock and preferred stock, 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 audit adjustment, adverse economic or real estate developments in the Company's markets; general economic slow-downs or recessions; reductions in information technology spending; difficulties in or inability to lease space, including redeveloped space; construction and development delays; increased development costs; tenant bankruptcies or defaults under leases by tenants; failure to commence rental payments on time under signed leases; increased interest rates; increased operating costs; failure to obtain necessary outside financing; decreased rental rates or increased vacancy rates; difficulties in identifying properties to acquire; completing acquisitions at all or at acceptable return levels; failure to successfully operate properties; failure of existing, acquired or redeveloped properties to perform as expected; reductions in property values; 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; risks of operating in foreign markets; 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 United States Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2007 and the Company's quarterly reports on Form 10-Q for the quarters ended March 31, 2008, June 30, 2008 and September 30, 2008. 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. +1 (415) 738-6500 +1 (415) 738-6500

SOURCE Digital Realty Trust

Source: PR Newswire

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