Public Storage to redeem $172.5 million 7% series N preferreds in full

By Ashley Montgomery

Kansas City, Kan., May 3 - Public Storage will redeem all of its $172.5 million outstanding of depositary shares representing interests in 7% cumulative preferred shares, series N, according to an 8-K filing with the Securities and Exchange Commission.

The depositary shares will be redeemed July 2 at $25 each plus accrued dividends from July 1.

The Glendale, Calif.-based company is a real estate investment trust.

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