IRS approves Iron Mountain conversion to REIT

The board of directors of Iron Mountain Inc. (NYSE: IRM) said it has unanimously approved the company´s conversion to a real estate investment trust for the taxable year beginning January 1, 2014.

The move follows the receipt of favorable private letter rulings from the Internal Revenue Service, including a ruling regarding the characterization of the company´s steel racking structures as real estate for REIT purposes under the Internal Revenue Code.

Founded in 1951, Iron Mountain is a provider of storage and information management services. Visit www.ironmountain.com for more information.

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