GLENDALE, Calif.--(BUSINESS WIRE)--
Public Storage (NYSE:PSA) announced today that it is calling for
redemption all outstanding depositary shares representing interests in
its 6.95% Cumulative Preferred Shares, Series H (NYSE:PSAPrH) on
November 28, 2011 at $25 per depositary share plus accrued dividends
from October 1, 2011 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 $105,000,000.
Company Information
Public Storage, a member of the S&P 500, The Forbes Global 2000 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, 2011, the Company had interests in
2,054 self-storage facilities located in 38 states with approximately
130 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 41% common equity interest in
PS Business Parks, Inc. (NYSE:PSB) which owned and operated
approximately 21.9 million rentable square feet of commercial space,
primarily flex, multi-tenant office and industrial space, at June 30,
2011.
Additional information about Public Storage is available on the
Internet. The Company’s web site is www.publicstorage.com.
Public Storage
Clemente Teng, (818) 244-8080, Ext. 1141
Source: Public Storage