Public Storage to redeem all $200 million 5.125% preferred shares

By Wendy Van Sickle

Columbus, Ohio, May 27 – Public Storage plans to redeem all outstanding $200 million depositary shares representing interests in its 5.125% cumulative preferred shares, series C, according to a news release.

The shares will be redeemed on June 30 at a price of $25.00 per depositary share.

Public Storage is a Glendale, Calif.-based storage-focused real estate investment trust.

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