Public Storage Announces Pricing of 4.000% Cumulative Preferred Shares of Beneficial Interest, Series P
GLENDALE, Calif.--(BUSINESS WIRE)--Tom Boyle, Chief Financial Officer of Public Storage (NYSE:PSA, the Company), announced that the Company has priced a public offering of 21,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1|1,000 of a 4.000% Cumulative Preferred Share of Beneficial Interest, Series P (the Series P Preferred Shares). The offering is expected to result in $525 million of gross proceeds (assuming no exercise of the underwriter
Public Storage Announces Pricing of 4.000% Cumulative Preferred Shares of Beneficial Interest, Series P
GLENDALE, Calif.--(BUSINESS WIRE)--Tom Boyle, Chief Financial Officer of Public Storage (NYSE:PSA, the Company), announced that the Company has priced a public offering of 21,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1|1,000 of a 4.000% Cumulative Preferred Share of Beneficial Interest, Series P (the Series P Preferred Shares). The offering is expected to result in $525 million of gross proceeds (assuming no exercise of the underwriter