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Public Storage, 5.75% Dep Shares Cumulative Preferred Stock Series T
Ticker Symbol: PSA-T**     CUSIP: 74460W404     Exchange: NYSE
Security Type:   Traditional Preferred Stock
* 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.

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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
5.75%
$1.4375
$25.00
$25.00
Called for
9/28/2017

None
A3 BBB+
1/22/2016
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Goto 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
HOME PAGE:     http://www.publicstorage.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Address investor@publicstorage.com
Email Request Form on Website Goto Email Form

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 818-244-8080   Ext: 1141
Toll Free Phone Number 800-447-8673
CEO - Ronald L. Havner, Jr. CFO - E. John Reyes

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