DuPont Fabros TechnologyInc. plans to redeem on June 9 its 7.875% series A cumulative redeemable perpetual preferredstock and a certain amount of its 7.625% series B cumulative redeemable perpetualpreferred stock.
The company said it will fully redeem all of the issued and outstandingseries A preferred shares remaining as of the June 9 redemption date. It will alsoredeem 2,650,000, or about 39.8%, of its 6,650,000 outstanding series B preferredshares.
The series A and series B preferred shares will be redeemed ata per-share price of $25.00, plus all accrued and unpaid dividends from April 15to, but not including, the redemption date.
The series A preferred shares will be delisted from trading onthe NYSE upon redemption.
DuPont said the series A preferred shares will be redeemed, andthe series B preferred shares to be redeemed will be chosen by lot, pursuant tothe procedures of the Depository Trust Co.
Computershare Inc. serves as the redemption agent.