PS Business Parks 5.25% Cumulative Preferred Stocks Series X

PS Business Parks acquired by Blackstone on 7/20/2022. Ratings withdrawn

Shares were tendered for at a price of $15.29/share and 6 million shares were tendered. Shares to delist 1/13/2023

Balance of shares not tendered now trading on the OTC market

Shares were tendered for at a price of $15.29/share and 6 million shares were tendered. Shares to delist 1/13/2023

Shares were tendered for (again) at a price of $15.29/share on 3/1/2023).

Ticker: PSBXP

Parent Ticker: PSB

OTC Grey Market Temporary Ticker: PSBBP

Issuance Date: 09/12/2017

1st Call Date: 09/21/2022

Maturity Date: None

Shares Issued: 8,000,000

Overallotment Shares: 1,200,000

Coupon: 5.25%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.328

Ex-Dividend Months: MAR, JUN, SEP, DEC

Approx. Ex-Dividend Day: 13

Payment Months: MAR, JUN, SEP, DEC

Payment Day: Last Day

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): D

Moody Rating: WD

Fitch Rating: NR

Egan-Jones Rating: NR