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Public Storage, 5.75% Dep Shares Cumulative Preferred Stock Series T
Ticker Symbol: PSA-T** CUSIP: 74460W404 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/28/2017
Security has been Called for: Thursday, September 28, 2017
08/04/2017 -- Public Storage announced today that it is calling for redemption all outstanding depositary shares representing interests in its 5.750% Cumulative Preferred Shares, Series T (NYSE:PSAPrT) on September 28, 2017 at $25 per depositary share. The aggregate redemption amount to be paid to all holders of the depositary shares is $462,500,000.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Public Storage Inc., 5.75% Depositary Shares each representing 1/1000 of a share of the 5.75% Cumulative Preferred Shares, Series T, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 3/13/2017 at $25 per depositary share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 5.75% ($1.4375) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board, not more than 45 days or less than 15 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (PSA)
IPO - 3/7/2012 - 17.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $425.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 701 Western Avenue, Glendale, CA 91201 |
Main Phone Number |
818-244-8080 |
Fax Number |
818-553-2388 |
Investor Contact
Ryan Burke
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818-244-8080
Ext: 1141
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Toll Free Phone Number |
800-447-8673 |
CEO - Ronald L. Havner, Jr. |
CFO - E. John Reyes |
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