Public Storage calls all 5.375% series V cumulative preferreds

By Sarah Lizee

Olympia, Wash., June 9 – Public Storage called for redemption all outstanding depositary shares representing interests in its 5.375% cumulative preferred shares, series V, on July 10, according to a press release.

The cumulative preferred shares will be redeemed at $25.00 per depositary share plus accrued dividends from July 1 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 $495 million.

Public Storage is a Glendale, Calif.-based real estate investment trust specializing in self-storage properties.

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