Message #9 From:
NewsBot Date: September 26, 2006 05:21:00 PM
PSA News Public Storage, Inc. Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 7.875% Cumulative Preferred Stock, Series S
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage, Inc. (NYSE:PSA) announced today that it is calling for
redemption all outstanding depositary shares representing interests in
its 7.875% Cumulative Preferred Stock, Series S (NYSE:PSAPrS) on October
31, 2006 at $25 per share plus accrued dividends from October 1, 2006
through the date of redemption. The aggregate redemption amount, before
payment of accrued dividends, to be paid to all holders of the
depositary shares is $143,750,000. On September 26, 2006, the reported
closing price per depositary share of the 7.875% Cumulative Preferred
Stock, Series S was $25.05.
Company Information
Public Storage, Inc., a member of the S&P 500 and the Forbes Global
2000, is a fully integrated, self-administered and self-managed real
estate investment trust that primarily acquires, develops, owns and
operates storage facilities. The Company’s
headquarters are located in Glendale, California. The Company’s
storage properties are located in 38 states and seven European nations
(Belgium, Denmark, France, Germany, Sweden, the Netherlands and the
United Kingdom). At August 22, 2006, the Company had interests in over
2,100 storage facilities with approximately 132 million net rentable
square feet.
Additional information about Public Storage, Inc. is available on the
Internet. The Company’s web site is www.publicstorage.com.
