Self storage giant Public Storage (PSA) has just announced a call on the 5.125% perpetual preferred (PSA-C) issue.
Now everyone knows (or should know) that PSA will call for redemption anytime they can gain a small advantage–this has been the case for years and it continues to be true. Currently holders will take about a 2% spanking on this call–shares are at about $25.80 now.
The call date is effective on 6/30/2021. Shares have been redeemable for 10 days (since 5/17/2021).