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Public Storage, 8.00% Dep Shares Cumul Preferred Stock, Series R
Ticker Symbol: PSA-R* CUSIP: 74460D687 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/28/2006
Security has been Called for: Thursday, September 28, 2006
Aug. 16, 2006--Public Storage, Inc. announced today that it is calling for redemption all outstanding depositary shares representing interests in its 8.000% Cumulative Preferred Stock, Series R (NYSE:PSAPrR) on September 28, 2006 at $25 per share plus accrued dividends from July 1, 2006 through the date of redemption. On August 16, 2006, the reported closing price per depositary share of the 8.000% Cumulative Preferred Stock, Series R was $25.37.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Public Storage Inc., Depositary Shares each representing 1/1,000 of a share of 8.00% Cumulative Preferred Stock, Series R, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 9/28/2006 at $25 per depositary share plus accrued and unpaid dividends, with no stated maturity, and with distributions paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the date fixed by the board, not more than 45 days or less than 15 days prior to the payment date. Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (PSA)
IPO - 9/4/2001 - 20.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $502.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 701 Western Avenue, Glendale, CA 91201 |
Main Phone Number |
818-244-8080 |
Fax Number |
818-553-2388 |
Investor Contact
Ryan Burke
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818-244-8080
Ext: 1141
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Toll Free Phone Number |
800-447-8673 |
CEO - Ronald L. Havner, Jr. |
CFO - E. John Reyes |
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