Public Storage calls all $375 million of 6.5% series Q preferreds

By Tali Rackner

Norfolk, Va., March 15 – Public Storage called all outstanding depositary shares representing interests in its 6.5% cumulative preferred shares, series Q, according to a press release.

The preferreds will be redeemed on April 15 at $25 per depositary share plus accrued dividends from April 1 through the redemption date.

Excluding dividends, the total redemption amount is $375 million.

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

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