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Public Storage
PSA announced today that it is calling for redemption
all outstanding depositary shares representing interests in its 6.450%
Cumulative Preferred Shares, Series X (NYSE: PSAPrX) 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 $120,000,000.
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,
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.
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.
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