PSB-Y PS Business Parks 5.20% Cumulative Preferred Stock Series Y

We will pay cumulative distributions on the Preferred Stock, from, and including, the date of original issuance, at the rate of 5.20% of the liquidation preference per year ($1.30 per year per Depositary Share). We will pay distributions on the Preferred Stock quarterly on March 31, June 30, September 30 and December 31 of each year, beginning on March 29, 2018 (for the period from the original issue date to but excluding April 1, 2018, with the payment on that date being based pro rata on the number of days from the original issuance of the Preferred Stock). We are not allowed to redeem the Preferred Stock before December 7, 2022, except in order to preserve our status as a real estate investment trust. On and after December 7, 2022, we may, at our option, redeem the Preferred Stock by paying you $25.00 per Depositary Share, plus any accrued and unpaid distributions.  This security was issued by PS Business Parks, Inc, whose common stock symbol is PSB.

$11.95  0.00 (0.00%)
As of 01/13/2023 00:00:00 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Real Estate
Industry:  REIT—Diversified
Index country:  USA
Country of incorporation:  USA
IPO date:  12/01/2017
Outstanding shares:  8,000,000
Average volume:  46,772
Market cap:   $152,000,000
Current dividend yield:  6.84%    calculation
Coupon rate:    5.200%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   12/07/2022
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:      BF01331