OVERLAND
PARK, Kan., Sept. 1,
2021 /PRNewswire/ -- Following the closing of its
acquisition on August 31, 2021 by
affiliates of Blackstone Infrastructure Partners, Blackstone Real
Estate Income Trust, Inc. and Blackstone Property Partners, QTS
Realty Trust ("QTS") announced that holders of its 6.50% Series A
Cumulative Convertible Perpetual Preferred Limited Liability
Company Units (the "New Series A Preferred Units") will have the
right, until the close of business on October 14, 2021, to convert each New Series A
Preferred Unit into $172.84 in cash.
Thereafter, holders of New Series A Preferred Units will have the
right to convert each unit into $167.40 in cash. At the closing of the
acquisition, each outstanding share of QTS 6.50% Series B
Cumulative Convertible Perpetual Preferred Stock was automatically
converted into one New Series A Preferred Unit.
Additional information regarding the conversion is included in a
notice of occurrence of a fundamental change that has been
distributed to holders of New Series A Preferred Units. Holders who
wish to convert their New Series A Preferred Units should contact
their broker, bank or other nominee. Computershare is serving as
the conversion agent and can be contacted at c/o Computershare,
Voluntary Corporate Actions, 150 Royall Street Suite V,
Canton, MA 02021 or
CANoticeofGuarantee@computershare.com.
A copy of the terms of the New Series A Preferred Units was
included in Exhibit 3.1 to QTS' Current Report on Form 8-K, filed
with the Securities and Exchange Commission (the "SEC") on
August 31, 2021, which is available
on the SEC's website at www.sec.gov.
About QTS
QTS Realty Trust is a leading provider of data center solutions
across a diverse footprint spanning more than 7 million square feet
of owned mega scale data center space within North America and Europe. Through its software-defined
technology platform, QTS is able to deliver secure, compliant
infrastructure solutions, robust connectivity and premium customer
service to leading hyperscale technology companies, enterprises,
and government entities. Visit QTS at www.qtsdatacenters.com, call
toll-free 877.QTS.DATA or follow on Twitter @DataCenters_QTS.
About Blackstone
Blackstone is the world's
largest alternative asset manager. We seek to create positive
economic impact and long-term value for our investors, the
companies we invest in, and the communities in which we work. We do
this by using extraordinary people and flexible capital to help
companies solve problems. Our $684
billion in assets under management include investment
vehicles focused on private equity, real estate, public debt and
equity, life sciences, growth equity, opportunistic, non-investment
grade credit, real assets and secondary funds, all on a global
basis. Further information is available at
www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
QTS Investor Relations Contact:
Stephen Douglas
EVP Finance
Ir@qtsdatacenters.com
QTS Media
Contact:
Carter B. Cromley
(703) 861-8245
carter.cromley@qtsdatacenters.com
or
Andrew Siegel / Viveca Tress / Lucas
Pers
Joele Frank
(212) 355-4449
Blackstone Media
Contacts:
Paula Chirhart
(347) 463-5453
Paula.Chirhart@blackstone.com
or
Jeffrey Kauth
(212) 583-5395
Jeffrey.Kauth@Blackstone.com
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SOURCE QTS Realty Trust, Inc.