Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 5.90% Cumulative Prefe...
June 23 2017 - 4:08PM
Business Wire
Public Storage (NYSE:PSA) announced today that it is calling for
redemption all outstanding depositary shares representing interests
in its 5.90% Cumulative Preferred Shares, Series S (NYSE:PSAPrS) on
July 26, 2017 at $25 per depositary share plus accrued dividends
from July 1, 2017 through the date of redemption. The aggregate
redemption amount, before payment of accrued dividends, to be paid
to all holders of the depositary shares is $460,000,000.
Company Information
Public Storage, a member of the S&P 500 and FT Global 500,
is a fully integrated, self-administered and self-managed real
estate investment trust that primarily acquires, develops, owns and
operates self-storage facilities. The Company’s headquarters are
located in Glendale, California. At March 31, 2017, the Company had
interests in 2,354 self-storage facilities located in 38 states
with approximately 155 million net rentable square feet in the
United States and 220 storage facilities located in seven
Western European nations with approximately 12 million net
rentable square feet operated under the “Shurgard” brand. The
Company also owns a 42% common equity interest in PS Business
Parks, Inc. (NYSE:PSB) which owned and operated approximately 28
million rentable square feet of commercial space, primarily flex,
multi-tenant office and industrial space, at March 31, 2017.
Additional information about Public Storage is available on the
Internet. The Company’s web site is www.publicstorage.com.
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Public StorageClemente Teng(818) 244-8080, Ext. 1141
Public Storage (NYSE:PSA)
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