Iron Mountain Declares Special Dividend of $4.07/Share

Iron Mountain

, today announced that its Board of Directors has declared a special dividend to shareholders in connection with the Company's previously announced plan to convert into a Real Estate Investment Trust (“REIT”). The special dividend of $700 million, or approximately $4.07 per share based on the number of shares currently outstanding (the “Special Dividend”), represents a significant part of the distribution that would eventually be required should the Company successfully convert to a REIT. “Today's announcement marks an important milestone in our plan to convert to a REIT,” said Richard Reese, Iron Mountain's Chairman and Chief Executive Officer. “Iron Mountain is a great business with high