GLENDALE, Calif.--(BUSINESS WIRE)--
Public Storage (NYSE:PSA) announced today that it is calling for
redemption all outstanding depositary shares representing interests in
its 6.75% Cumulative Preferred Shares, Series E (NYSE:PSAPrE) on
February 20, 2012 at $25 per depositary 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 depositary shares is $141,250,000.
Company Information
Public Storage, a member of the S&P 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.
Public Storage
Clemente Teng
(818) 244-8080, Ext. 1141
Source: Public Storage