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PS Business Parks, 5.70% Cumulative Preferred Stock Series V

Redeemed 12/30/2019

Ticker: PSB-V

Parent Ticker: PSB

OTC Grey Market Temporary Ticker:

Issuance Date: 03/05/2013

1st Call Date: 03/14/2018

Maturity Date: None

Shares Issued: 4,000,000

Overallotment Shares: 0

Coupon: 5.70%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.356

Payment Months: MAR, JUN, SEP, DEC

Payment Day: Last Day

S&P Rating: BBB

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

Moody Rating: Baa2

Fitch Rating: NR