Public Storage 4.95% Cumulative Preferred Shares, Series D

Date Issued  07/15/2016

Shares Issued  12,000,000      Overallotment Shares  1,800,000

S&P Rating   BBB+   Moodys Rating   A3

Security Ticker Symbol   PSA-D    OTC Temp Ticker  PBSDP

Market Traded ON   NYSE

Dividend Payment Paid on the last day of March, June, September and December beginning on 09/30/2016

Quarterly Dividend   .309   Annual Dividend   1.238

Securities may be redeemed, at the issuers option, as early as 7/20/2021  the call price is $25 plus accrued dividends

Dividend Payment will NOT be Qualified Distributions (Preferred Stocks of REITs DO NOT pay Qualified Distributions)

Maturity Date   None

Company Investor Relations Page for Public Storage

Click Here to find the offering Prospectus and/or Final Pricing Document