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Public Storage calls all $145 million of 6.875% series O preferreds
By Tali Rackner
Norfolk, Va., March 12 – Public Storage plans to redeem all depositary shares representing interests in its 6.875% cumulative preferred shares, series O, according to a news release.
The preferreds will be redeemed on April 15 at $25 per share plus dividends accrued from April 1 through the redemption date.
Excluding dividends, the total redemption amount is $145 million.
Public Storage is a Glendale, Calif., real estate investment trust that acquires, develops, owns and operates self-storage facilities.
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