Public Storage Inc., Glendale, Calif., has priced a public offering of 20 million depositary shares, each of which represents one-thousandth of a share of 6.625% series M cumulative preferred stock, at $25 per share.The real estate investment trust said gross proceeds are expected to total $500 million. The joint book-running managers for the offering are Merrill Lynch & Co., Citigroup Global Markets Inc., Morgan Stanley & Co., and Wachovia Securities. The REIT can be found on the Web at http://www.publicstorage.com.
-
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
1h ago -
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
9h ago -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27