Public Storage Prices Depositary Shares

Published October 18, 2006, 2:00 p.m. EDT

1 Min Read

Public Storage Inc., Glendale, Calif., has priced a public offering of 8.0 million depositary shares -- each representing one-thousandth of a share of 6.75% series L cumulative preferred stock -- at $25 per share.The real estate investment trust said gross proceeds are expected to total $200 million. The joint book-running managers for the offering were Citigroup Global Markets Inc., Merrill Lynch & Co., Morgan Stanley, and Wachovia Securities. The REIT can be found on the Web at http://www.publicstorage.com.

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