Public Storage to pay $155 million calling 7.5% series V preferreds

By Susanna Moon

Chicago, April 15 - Public Storage said it will redeem all outstanding depositary shares representing interests in its 7.5% series V cumulative preferred shares on May 18.

The company will pay $25 per share plus accrued dividends from April 1 through the redemption date.

The total redemption amount, before payment of accrued dividends, is $155 million.

The Glendale, Calif., real estate investment trust acquires, develops, owns and operates self-storage facilities.

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