Digital Realty Trust Inc., San Francisco, has priced concurrent public offerings of approximately 5.1 million shares of common stock at $17.80 per share and of 2.2 million shares of preferred stock at $25 per share.The series B cumulative redeemable preferred stock bears an interest rate of 7.875%. Digital, which owns, acquires, and manages technology-related real estate, said it has granted the underwriters an option to buy up to 765,768 additional shares of common stock and up to 330,000 shares of the preferred stock to cover any overallotments. Citigroup and Merrill Lynch & Co. are the joint book-running managers for the common stock offering and, together with UBS Investment Bank, for the preferred stock offering. The company can be found online at http://www.digitalrealtytrust.com.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
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The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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