Public Storage Sells a Preferred Issue
By: Tim McPartland,
Large Storage REIT Public Storage has sold a new issue of preferred stock. It has been some time since the company, which is a large issuer of preferred stocks, has sold an issue.
This issue has a coupon of 5.875%. Proceeds will be used for general corporate purposes since they have no outstanding issues that are redeemable at this time.
Details of the issue are here.