Public Storage calls all $108.75 million 7.125% preferred shares

By Melissa Kory

Cleveland, Oct. 6 - Public Storage announced that it will redeem all of its outstanding $108.75 million depositary shares representing interest in its 7.125% cumulative preferred shares, series B.

The preferred shares will be redeemed on Nov. 5 at par of $25.00 plus accrued and unpaid dividends up to the redemption date.

Computershare Trust Co., NA, Public Storage's depositary, will redeem all of the depositary shares representing interest in the preferred shares.

Public Storage is a real estate investment trust based in Glendale, Calif., that operates self-storage facilities.

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