In case you didn’t look at the ‘Headlines of Interest’ last night PS Business Parks (which is now privately owned) has once again made a tender offer for any and all preferred shares remaining outstanding.
As I calculate it there remains about 30% of the original $755 million worth of shares outstanding.
I bought a ‘tracking’ 25 shares of the PSBZP 4.875% issue at $11.24/shares–my biggest gainer today at up 29%!! Too bad I didn’t buy 1000 shares, Anyway I am holdings them to see what happens–that was the intent of buying the original shares so I shall see it through.
The shares remain trading on the OTC market.