PS Business Parks to redeem 6.45% cumulative preferreds on Jan. 18

By Susanna Moon

Chicago, Dec. 6 – PS Business Parks Inc. said it called all outstanding Depositary Shares representing interests in its 6.45% cumulative preferred stock, series S.

The preferreds will be redeemed at $25.00 per share plus accrued dividends from Jan. 1 through the redemption date of Jan. 18, according to the company notice.

The total redemption price will be $230 million, excluding accrued dividends.

PS Business Parks is a Glendale, Calif.-based real estate investment trust.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.