Public Storage calls $362.5 million from three series of preferreds

By Ashley Montgomery

Kansas City, Kan., Nov. 8 - Public Storage Inc. will redeem all of its depositary shares representing interest in its 6.25% series Z, 6.125% series A and 6.18% series D cumulative preferred shares, according to a news release.

The depositary shares will be redeemed on Dec. 27 at par, or $25.00 each.

The redemption amounts will be $112.5 million for series Z, $115 million for series A and $135 million for series D.

Public Storage is a Glendale, Calif., real estate investment trust that acquires, develops, owns and operates self-storage facilities.

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