QUANTUMONLINE.COM SECURITY DESCRIPTION:  Public Storage, 6.00% Series T Cumulative Redeemable Preferred Shares of Beneficial Interest, liquidation preference $25 per share, redeemable at the issuer's option on or after 10/11/2022 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.00% per annum ($1.50 per annum or $0.375 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board, not more than 35 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. This security was not rated by Moody’s or S&P at the time of its IPO. Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, 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.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	6.00% $1.50	$25.00 $25.00	10/11/2022 None	NF NF 6/15/2025	3/31, 6/30, 9/30 & 12/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Notes:  March 15, 2026: each share of NSA’s 6.000% Series A cumulative redeemable preferred shares of beneficial interest, par value $0.01 per share (“NSA Series A preferred shares”), issued and outstanding immediately prior to the effective time of the company merger will be converted into the right to receive one newly issued share of 6.000% Cumulative Preferred Shares of beneficial interest, Series T, par value $0.01 per share, of Public Storage (“Public Storage Series T preferred shares”), having terms that are materially unchanged from the terms of the NSA Series A preferred shares

Company's Online Information Links

HOME PAGE:     https://www.publicstorage.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

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Company's Email Address Links

Email Address	investor@publicstorage.com
Email Request Form on Website	Go to Email Form

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	818-244-8080   Ext: 1141
Toll Free Phone Number	800-447-8673

CEO - Joseph D. Russell, Jr.

CFO - Tom Boyle