PS Business Parks' 5.75% preferreds admitted to trading on NYSE

By Tali David

Minneapolis, Sept. 17 - The depositary shares representing PS Business Parks, Inc.'s 5.75% series U cumulative preferred stock have been admitted to trading on the New York Stock Exchange, according to a notice from the exchange.

The preferreds trade under the symbol "PSB PR U."

The company priced $200 million of the preferreds on Sept. 5. The $30 million greenshoe was later exercised in full.

PS Business Parks is a Glendale, Calif.-based company that owns business park properties in Virginia, Maryland, Texas, California and Oregon.

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