Quick Search
Top Banner

Session.supporter not defined

Register
quantumonline home Income Tables Income Lists Stock Lists Special Lists Investment Services Investment Information quantumonline home

Public Storage, 5.20% Dep Shares Cumulative Preferred Stock Series W
Ticker Symbol: PSA-W*     CUSIP: 74460W875     Exchange: NYSE
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 9/30/2020

Security has been Called for:  Wednesday, September 30, 2020

August 18. 2020 -- Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 5.20% Cumulative Preferred Shares, Series W (NYSE:PSA-W) and 5.20% Cumulative Preferred Shares, Series X (NYSE:PSA-X) on September 30, 2020 at $25 per depositary share. The aggregate redemption amount to be paid to all holders of the depositary shares is $500,000,000 for the Series W and $225,000,000 for the Series X for a total of $725,000,000.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Public Storage Inc., 5.20% Depositary Shares each representing a 1/1,000 interest in a share of the 5.20% Cumulative Preferred Share of Beneficial Interest, Series W, liquidation preference $25.00 per depositary share, redeemable at the issuer's option on or after 1/16/2018 at $25 per depositary share plus accrued and unpaid dividends, and with no stated maturity. Cumulative of distributions of 5.20% ($1.30 per annum or $0.325 per quarter) 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 less than 15 or more than 45 days preceding the payment date (NOTE: the ex-dividend date is one business day 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 junior to the company's senior debt, equally with other preferreds of the company, 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
5.20%
$1.30
$25.00
$25.00
Called for
9/30/2020

None
A3 BBB+
8/11/2020
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (PSA)

IPO - 1/8/2013 - 18.00 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: PSAXL    Changed: 1/16/2013
Market Value $450.0 Million

Company's Online Information Links
HOME PAGE:     https://www.publicstorage.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address investor@publicstorage.com
Email Request Form on Website Go to 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 - Joseph D. Russell, Jr. CFO - Tom Boyle

Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.


investment Links contact quantumonline guestbook
quantumonline supporters about quantumonline using quantumonline


QuantumOnline.com
Copyright © 1997 - 2024 QuantumOnline.com. All rights reserved.
Web page design latest update: 2/5/2024
Web page financial information is most recent information available and more recent than last web page design date.