PS Business calls $75 million 6.875% series R cumulative preferreds

By Tali Rackner

Norfolk, Va., Sept. 8 – PS Business Parks, Inc. called all $75 million of outstanding depositary shares representing interests in its 6.875% cumulative preferred stock, series R, according to a press release.

The preferreds will be redeemed at $25.00 per share plus accrued dividends on Oct. 15.

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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