Message #15 From:
NewsBot Date: December 28, 2006 03:21:00 PM
PSA News Public Storage, Inc. Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 7.625% Cumulative Preferred Stock, Series U
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 7.625% Cumulative Preferred Stock, Series U (NYSE:PSAPrU) on
February 20, 2007 at $25 per share plus accrued dividends from January
1, 2007 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 $150,000,000. On December 28, 2006, the reported
closing price per depositary share of the 7.625% Cumulative Preferred
Stock, Series U was $25.00.
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.
At September 30, 2006, the Company had interests in 2,003 storage
facilities with approximately 126.4 million net rentable square feet in
the United States and 160 storage facilities with approximately 8.4
million net rentable square feet in Europe.
Additional information about Public Storage, Inc. is available on the
Internet. The Company’s web site is www.publicstorage.com.
