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Public Storage to redeem 6% series Z preferreds for $287.5 million
By Wendy Van Sickle
Columbus, Ohio, May 23 – Public Storage called all outstanding depositary shares representing interests in its 6% cumulative preferred shares, series Z, according to a press release.
The preferreds will be redeemed on June 27 at $25.00 per depositary share. The total redemption amount is $287.5 million.
Public Storage is a Glendale, Calif., real estate investment trust that acquires, develops, owns and operates self-storage facilities.
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