IRON MOUNTAIN INCORPORATED The Board of Directors (the “Board”) of Iron Mountain Incorporated (NYSE: IRM), the storage and information management company, today declared its second quarterly distribution as a Real Estate Investment Trust (“REIT”) of $0.475 per share, payable on December 22, 2014 to stockholders of record on December 5, 2014 (the “Fourth Quarter Distribution”).
In addition, the Board declared a “catch-up” distribution of $0.255 per share payable on December 15, 2014 to stockholders of record on November 28, 2014. The Board is declaring a catch-up distribution because the company’s distributions through July 2014 were declared before the Board had determined if the company could convert to a REIT effective January 1, 2014 and were lower than they otherwise would have been if our Board made such determination prior to the first quarter distribution. Today’s declarations bring the aggregate amount of regular quarterly distributions paid in 2014 to approximately $400 million, including the Fourth Quarter Distribution, the catch-up distribution and quarterly distributions paid throughout 2014, including the payment made on January 15, 2014. The table below outlines the quarterly distributions for 2014 and excludes the Special Distribution cash and stock amounts paid on November 4th, 2014.
Declaration Date | Record Date | Payment Date | Cash Amount* | Distribution per Share | ||||||||
| Dec 16, 2013 | Dec 27, 2014 | Jan 15, 2014 | $52 million | $0.27 | ||||||||
| Mar 14, 2014 | Mar 25, 2014 | Apr 15, 2014 | $52 million | $0.27 | ||||||||
| May 28, 2014 | Jun 25, 2014 | Jul 15, 2014 | $52 million | $0.27 | ||||||||
| Sept 15, 2014 | Sept 25, 2014 | Oct 15, 2014 | $92 million | $0.475 | ||||||||
| Nov 17, 2014 | Nov 28, 2014 | Dec 15, 2014 | $53 million | $0.255 | ||||||||
| Nov 17, 2014 | Dec 5, 2014 | Dec 22, 2014 | $99 million | $0.475 | ||||||||
| Total Cash Amount Paid in Quarterly Distributions | $400 million | |||||||||||
*Represents approximate cash amount paid for quarterly distributions
About Iron Mountain
Iron
Mountain Incorporated (NYSE: IRM) is a leading provider of storage and
information management services. The company’s real estate network of
over 67 million square feet across more than 1,000 facilities in 36
countries allows it to serve customers around the world. And its
solutions for records
management, data
management, document
management, data center management and secure
shredding help organizations to lower storage costs, comply with
regulations, recover from disaster, and better use their information.
Founded in 1951, Iron Mountain stores and protects billions of
information assets, including business documents, backup tapes,
electronic files and medical data. Visit www.ironmountain.com
for more information.
