DuPont Fabros Technology, Inc. Announces Full Year 2009 Common Share Dividend
December 17 2009 - 5:50PM
PR Newswire (US)
WASHINGTON, Dec. 17 /PRNewswire-FirstCall/ -- DuPont Fabros
Technology, Inc. (NYSE:DFT) today announced that the Company's
Board of Directors has declared a cash dividend of $0.08 per share
on the Company's common stock for the full year 2009. The dividend
will be payable on December 30, 2009 to shareholders of record as
of December 24, 2009. As the Company announced on December 11,
2009, it anticipates paying a quarterly dividend of $0.08 per share
in 2010. Also, the Company announced that it has commenced
construction of Phase II of its ACC5 data center located in
Ashburn, Virginia, and resumed construction of Phase I of its NJ1
data center located in Piscataway, New Jersey. As announced on
December 11, 2009, the Company expects to complete each facility in
the second half of 2010. About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. (NYSE:DFT) is a real estate
investment trust (REIT) and leading owner, developer, operator and
manager of wholesale data centers. The Company's data centers are
highly specialized, secure facilities used primarily by national
and international technology companies to house, power and cool the
computer servers that support many of their most critical business
processes. DuPont Fabros Technology, Inc. is headquartered in
Washington, DC. For more information, please visit
http://www.dft.com/. Forward-Looking Statements Certain statements
contained in this press release may be deemed to be forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The matters described in these forward-looking
statements include expectations regarding future events, results
and trends and are subject to known and unknown risks,
uncertainties and other unpredictable factors, many of which are
beyond the Company's control. The Company faces many risks that
could cause its actual performance to differ materially from the
results contemplated by its forward-looking statements, including,
without limitation, the risk that the Company may be unable to
obtain financing on favorable terms, the risk that the Company is
unable to satisfy the conditions required to exercise the extension
options for its loans, the risks commonly associated with
construction and development of new facilities, risks relating to
compliance with permitting, zoning, land-use and environmental
requirements, the risks related to the leasing of space to
third-party tenants, including the ability of the Company to
negotiate leases on terms that will enable it to achieve its
expected returns, the risk that the Company may be unable to
acquire additional properties on favorable terms or at all, the
risk that the Company will not declare and pay dividends as
anticipated for 2010 and the risk that the Company may not be able
to maintain its qualification as a REIT for federal tax purposes.
The periodic reports that the Company files with the Securities and
Exchange Commission, including its annual report on Form 10-K for
the year ended December 31, 2008, contain detailed descriptions of
these and many other risks to which the Company is subject. These
reports are available on our website at http://www.dft.com/.
Because of the risks described above and other unknown risks, the
Company's actual results, performance or achievements may differ
materially from the results, performance or achievements
contemplated by its forward-looking statements. The information set
forth in this news release represents management's expectations and
intentions only as of the date of this press release. The Company
assumes no responsibility to issue updates to the forward-looking
matters discussed in this press release. DATASOURCE: DuPont Fabros
Technology, Inc. CONTACT: Christopher Warnke, Manager, Investor
Relations of DuPont Fabros Technology, Inc., +1-202-478-2330, Web
Site: http://www.dft.com/
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