Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 5.625% Cumulative Pref...
September 11 2019 - 4:06PM
Business Wire
Public Storage (NYSE:PSA) announced today that it is calling for
redemption all outstanding depositary shares representing interests
in its 5.625% Cumulative Preferred Shares, Series U (NYSE:PSAPrU)
on October 14, 2019 at $25 per depositary share plus accrued
dividends from October 1, 2019 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
$287,500,000.
Company Information
Public Storage, a member of the S&P 500 and FT Global 500,
is a REIT that primarily acquires, develops, owns and operates
self-storage facilities. At June 30, 2019, we had: (i) interests in
2,456 self-storage facilities located in 38 states with
approximately 166 million net rentable square feet in the United
States, (ii) an approximate 35% common equity interest in Shurgard
Self Storage SA (Euronext Brussels:SHUR) which owned 231
self-storage facilities located in seven Western European nations
with approximately 13 million net rentable square feet operated
under the “Shurgard” brand and (iii) an approximate 42% common
equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned
and operated approximately 28 million rentable square feet of
commercial space at June 30, 2019. Our headquarters are located in
Glendale, California.
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Ryan Burke (818) 244-8080, Ext. 1141
Public Storage (NYSE:PSA)
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