Public Storage PSA announced today that it is calling for redemption
all outstanding depositary shares representing interests in its 6.625%
Cumulative Preferred Shares, Series M (NYSE:PSAPrM) on April 11, 2012 at $25
per depositary share plus accrued dividends from April 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 $476,633,825.
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