PS Business Parks' 5.7% preferreds admitted to trading on NYSE

By Toni Weeks

San Luis Obispo, Calif., March 15 - The depositary shares representing PS Business Parks, Inc.'s 5.7% series V cumulative preferred stock have been admitted to trading on the New York Stock Exchange, according to a NYSE Euronext notice.

The preferreds trade under the symbol "PSB PR V."

PS Business Parks sold $100 million of the preferred shares on March 5 at par of $25.00 via bookrunners BofA Merrill Lynch, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC. There is a $15 million greenshoe.

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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