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BUYING “NEW” OFFERING

UPDATE: Big selloff today. Core Portfolio down about half a percent vs almost 2% for SPY. Not terribly concerned YET. Not selling anything. In fact looking to possibly buy.

October 2, 2019. We are BUYING a rather large position of DLRTP. We suggest you buy right now before the price goes higher. This is a new offering which we prefer right now, as you can get in at reasonable prices. We are very familiar with Digital Realty and want to own this position. The yield is relatively low. The interest is huge as they have already traded 1.3MILLION shares today.

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,000 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Latin America, Asia and Australia. Digital Realty’s clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.

Digital Realty Trust, Inc. 5.20% Series L Cumulative Redeemable Preferred Stock
Ticker Symbol: DLRTP     CUSIP: 253868822     Exchange: OTOTC Security Type:   Traditional Preferred Stock

The 5.20% preferred shares were issued on 10/01/2019 and started trading temporarily on the Other OTC market 10/01/2019 under the ticker symbol DLRTP until they start trading on the NYSE. The shares are expected to start trading on the NYSE within 30 days of their issue date under their permanent ticker symbol of DLR-L. For information on securities trading on the Other OTC, see our discussion on this subject on our What Income Investors Should Know page which can be found on our Information menu at the top of any page.
QUANTUMONLINE.COM SECURITY DESCRIPTION:  Digital Realty Trust, Inc. 5.20% Series L Cumulative Redeemable Preferred Stock liquidation preference $25 per share, redeemable at the issuer’s option on or after 10/04/2024 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 5.20% per annum ($1.30 per annum or $0.325 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board, not more than 35 days or less than 10 days prior to the payment date

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