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Public Storage, 5.60% Depositary Shares Cumulative Preferred Stock Series H
Ticker Symbol: PSA-H     CUSIP: 74460W644     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Public Storage, Inc. 5.60% Depositary Shares Each Representing 1/1000 of Cumulative Preferred Share of Beneficial Interest, Series H, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 3/11/2024 at $25 per depositary share plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions of 5.60% per annum ($1.40 per annum or $0.35 per quarter) are 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 45 days or less than 15 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 rated as A3 by Moody's and BBB+ by S&P at the date of its IPO. 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
5.60%
$1.40
$25.00
$25.00
3/11/2024
None
A3 BBB+
1/24/2023
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (PSA)

IPO - 2/27/2019 - 11.40 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: PSALL    Changed: 3/13/2019
Market Value $ Million

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 Go to SEC Filings

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


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