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PSA-M Public Storage ADRs of a 4.125% Cumulative Preferred, Series M

We will pay cumulative distributions on the Preferred Shares, from, and including, the date of original issuance, at the rate of 4.125% of the liquidation preference per year. We will pay distributions on the Preferred Shares quarterly on March 31, June 30, September 30 and December 31 of each year, beginning on December 31, 2020. We are not allowed to redeem the Preferred Shares before August 14, 2025, except in order to preserve our status as a real estate investment trust. On and after August 14, 2025, we may, at our option, redeem the Preferred Shares by paying you $25.00 per Depositary Share, plus any accrued and unpaid distributions.   This security was issued by Public Storage, whose common stock symbol is PSA.

$18.63  +0.10 (0.54%)
As of 03/27/2023 13:45:46 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Real Estate
Industry:  REIT—Industrial
Index country:  USA
Country of incorporation:  USA
IPO date:  08/12/2020
Outstanding shares:  8,000,000
Average volume:  4,769
Market cap:   $158,320,000
Current dividend yield:  5.21%    calculation
Coupon rate:    4.125%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   08/14/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BKPVDZ3

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