GLENDALE, Calif.--(BUSINESS WIRE)--
Public Storage (NYSE:PSA) announced today that it is calling for
redemption all outstanding depositary shares representing interests in
its 6.45% Cumulative Preferred Shares, Series F (NYSE:PSAPrF) on October
15, 2012 at $25 per depositary share plus accrued dividends from October
1, 2012 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 $247,325,000.
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, 2012, the Company had interests in 2,068
self-storage facilities located in 38 states with approximately 132
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 28.2
million rentable square feet of commercial space, primarily flex,
multi-tenant office and industrial space, at August 31, 2012.
Public Storage
Clemente Teng
(818) 244-8080, Ext. 1141
www.publicstorage.com
Source: Public Storage