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QTS Realty Trust looking to opt out of Maryland Unsolicited Takeovers Act

QTS Realty Trust Inc. is seeking shareholder approval to amend its charter to opt out of the Maryland Unsolicited Takeovers Act.

Upon approval, the company will completely exit the act, and the directors will no longer have the exclusive authority to fill vacancies on the board.

A vote is set for the proposal at the upcoming annual meeting of stockholders on May 9.