PS Business Parks 5.25% Cumulative Preferred Stocks Series X

Ticker: PSB-X

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: BBB

III Rating: B

Moody Rating: Baa2