Iron Mountain Declares Quarterly Distribution and “Catch-Up” Distribution

BOSTON--()--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.

Contacts

Investor Relations Contacts:
Iron Mountain Incorporated
Melissa Marsden, 617-535-8595
Senior Vice President, Investor Relations
Melissa.Marsden@ironmountain.com
or
Faten Freiha, 617-535-8404
Director, Investor Relations
Faten.Freiha@ironmountain.com

Contacts

Investor Relations Contacts:
Iron Mountain Incorporated
Melissa Marsden, 617-535-8595
Senior Vice President, Investor Relations
Melissa.Marsden@ironmountain.com
or
Faten Freiha, 617-535-8404
Director, Investor Relations
Faten.Freiha@ironmountain.com