Public Storage : Announces Redemption of All Outstanding 6.850% Cumulative Preferred Shares, Series Y
02/16/2012| 05:10pm US/Eastern
Public Storage (NYSE:PSA) announced today that it is calling for
redemption all outstanding 6.850% Cumulative Preferred Shares, Series Y
on March 19, 2012 at $25 per preferred share plus accrued dividends from
January 1, 2012 through the date of redemption. The aggregate redemption
amount, before payment of accrued dividends, to be paid to all holders
of the preferred shares is $8,772,500.
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 September 30, 2011, the Company had interests in 2,056
self-storage facilities located in 38 states with approximately 131
million net rentable square feet in the United States and 189 storage
facilities located in seven Western European nations with approximately
ten 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 27.2
million rentable square feet of commercial space, primarily flex,
multi-tenant office and industrial space, at December 31, 2011.
Additional information about Public Storage is available on the
Internet. The Company's web site is www.publicstorage.com.
(818) 244-8080, Ext. 1141
© Business Wire 2012