WASHINGTON, Dec. 17 /PRNewswire-FirstCall/ -- DuPont Fabros Technology, Inc. today announced that the Company's Board of Directors has declared a cash dividend of $0.08 per share on the Company's common stock for the full year 2009. The dividend will be payable on December 30, 2009 to shareholders of record as of December 24, 2009.
As the Company announced on December 11, 2009, it anticipates paying a quarterly dividend of $0.08 per share in 2010.
Also, the Company announced that it has commenced construction of Phase II of its ACC5 data center located in Ashburn, Virginia, and resumed construction of Phase I of its NJ1 data center located in Piscataway, New Jersey. As announced on December 11, 2009, the Company expects to complete each facility in the second half of 2010.
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. is a real estate investment trust (REIT) and leading owner, developer, operator and manager of wholesale data centers. The Company's data centers are highly specialized, secure facilities used primarily by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes. DuPont Fabros Technology, Inc. is headquartered in Washington, DC. For more information, please visit http://www.dft.com/.
Forward-Looking Statements
Certain statements contained in this press release may be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters described in these forward-looking statements include expectations regarding future events, results and trends and are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company's control. The Company faces many risks that could cause its actual performance to differ materially from the results contemplated by its forward-looking statements, including, without limitation, the risk that the Company may be unable to obtain financing on favorable terms, the risk that the Company is unable to satisfy the conditions required to exercise the extension options for its loans, the risks commonly associated with construction and development of new facilities, risks relating to compliance with permitting, zoning, land-use and environmental requirements, the risks related to the leasing of space to third-party tenants, including the ability of the Company to negotiate leases on terms that will enable it to achieve its expected returns, the risk that the Company may be unable to acquire additional properties on favorable terms or at all, the risk that the Company will not declare and pay dividends as anticipated for 2010 and the risk that the Company may not be able to maintain its qualification as a REIT for federal tax purposes. The periodic reports that the Company files with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2008, contain detailed descriptions of these and many other risks to which the Company is subject. These reports are available on our website at http://www.dft.com/. Because of the risks described above and other unknown risks, the Company's actual results, performance or achievements may differ materially from the results, performance or achievements contemplated by its forward-looking statements. The information set forth in this news release represents management's expectations and intentions only as of the date of this press release. The Company assumes no responsibility to issue updates to the forward-looking matters discussed in this press release.
DuPont Fabros Technology, Inc.
CONTACT: Christopher Warnke, Manager, Investor Relations of DuPont
Fabros Technology, Inc., +1-202-478-2330, cwarnke@dft.com
Web Site: http://www.dft.com/
