Public Storage 5.125% Cumulative Preferred Stock Series C

Date Issued  05/10/2016

Shares Issued  8,000,000      Overallotment Shares  None

S&P Rating   BBB+   Moodys Rating   A3

Security Ticker Symbol   PSA-C    OTC Temp Ticker  PBBSP

Market Traded ON   NYSE

Dividend Payment Paid on the last day of March, June, September and December beginning on 06/30/2016

Quarterly Dividend   .32   Annual Dividend   1.28

Securities may be redeemed, at the issuers option, as early as 5/17/2021  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

Below you can find the offering Prospectus and/or Final Pricing Document