PSA-N Public Storage ADRs of a 3.875% Cumulative Preferred Share, Series N

We will pay cumulative distributions on the Preferred Shares, from, and including, the date of original issuance, at the rate of 3.875% of the liquidation preference per year ($0.96875 per year per Depositary Share). 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 (with the payment on that date being based pro rata on the number of calendar days from the original issuance of the Preferred Shares). We are not allowed to redeem the Preferred Shares before October 6, 2025, except in order to preserve our status as a real estate investment trust. On and after October 6, 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.

$18.04  -0.01 (-0.06%)
As of 01/26/2023 14:55:32 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:  09/30/2020
Outstanding shares:  10,000,000
Average volume:  5,514
Market cap:   $182,300,000
Current dividend yield:  5.31%    calculation
Coupon rate:    3.875%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   10/06/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BLFKCL6

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