Iron Mountain to issue 17M shares of common in connection with special dividend Iron Mountain announced that it will issue 17.04M new shares of its common stock in connection with the payment of the company's previously announced special dividend of $700M, or approximately $4.06 per share. The Special Dividend represents a significant part of the distribution that would eventually be required should the company successfully convert to a real estate investment trust, or REIT. The Special Dividend is payable on November 21 to stockholders of record as of the close of business on October 22.
Iron Mountain signs multi-year data center colocation agreement with Englewood Iron Mountain announced it has signed a multi-year data center colocation agreement with Englewood Hospital and Medical Center, an acute care teaching hospital affiliated with the Mount Sinai School of Medicine in Englewood, New Jersey. Englewood Hospital will lease data center space within Iron Mountainís underground data center located near Pittsburgh, Pennsylvania.