Equinix, Inc. (NASDAQ: EQIX) said its board of directors has declared a special distribution of USD627.0 million, or approximately USD10.95 per share based on the number of shares currently outstanding, to its common stockholders in connection with Equinix´s conversion to a real estate investment trust effective January 1, 2015.
The 2015 Special Distribution is in an amount that includes the sum of: estimated foreign earnings and profits repatriated as dividend income to be recognized in 2015; taxable income in 2015 from depreciation recapture in respect of accounting method changes commenced in Equinix´s pre-REIT period; and certain other items of taxable income. Equinix expects that the value of the 2015 Special Distribution, plus all its other distributions during 2015, will equal or exceed the taxable income that Equinix expects to recognize in 2015.
The 2015 Special Distribution is payable on November 10, 2015 to Equinix´s common stockholders of record as of the close of business on October 8, 2015.
Equinix connects the world´s leading businesses to their customers, employees and partners inside the most interconnected data centers. In 33 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.