September 4, 2015
Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 6.5% Cumulative Preferred Shares, Series P
Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 6.5% Cumulative Preferred Shares, Series P (NYSE:PSAPrP) on October 8, 2015 at $25 per depositary share plus accrued dividends from October 1, 2015 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 $125,000,000 . 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 June 30, 2015 , the Company had interests in 2,262 self-storage facilities located in 38 states with approximately 147 million net rentable square feet in the United States and 216 storage facilities located in...