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Public Storage, 8.75% Dep Shares Cumul Preferred Stock, Series M (PSA-M**)
PSA-M** · NYSE · · CUSIP 74460D794
This security is no longer trading as of 8/17/2004.
The reference information below — security type, terms, ratings and company profile — is retained for research. Current pricing is not available.
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Security Details

Coupon Rate
8.75%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
8/17/2004
Maturity Date
None
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
2.1875
Distribution Dates
3/31, 6/30, 9/30 & 12/31
Credit Ratings
Moody's Baa1 · S&P BBB+ (6/28/2007)
Tax-Advantaged (Qualified) Dividends ⓘ
No

Security Profile

Security has been called for August 17, 2004.
Security Type
Traditional Preferred Stock »
CUSIP
74460D794
Market Cap
Micro Cap · $59 Million
IPO
8/17/1999 · 2.25 Million Shares @ $25.00/share
Prospectus
IPO prospectus »
Parent Company
Public Storage, Inc. (PSA)
Business: Public Storage Inc., Depositary Shares each representing 1/1,000 of a share of 8.75% Cumulative Preferred Stock, Series M, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 8/17/2004 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. 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.
Notes: 7/15/2004 Public Storage Inc. announced the call of PSA-M in a Notice of Redemption published in the Wall Street Journal on 7/15/2004.

Company Contact

CEO
Ronald L. Havner, Jr.
CFO
E. John Reyes
Headquarters
701 Western Avenue, Glendale, CA 91201
Phone
818-244-8080 · Toll-Free 800-447-8673
Fax
818-553-2388
Investor Relations
Ryan Burke · 818-244-8080 · investor@publicstorage.com
Email Form
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SEC EDGAR Filings
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