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Public Storage 5.60% Cumulative Preferred Shares, Series H

Ticker: PSA-H

Parent Ticker: PSA

OTC Grey Market Temporary Ticker: PSALL

Issuance Date: 02/28/2019

1st Call Date: 03/11/2024

Maturity Date: None

Shares Issued: 11,400,000

Overallotment Shares: 0

Coupon: 5.60%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.35

Payment Months: MAR, JUN, SEP, DEC

Payment Day: Last Day

S&P Rating: BBB+

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

Moody Rating: A3

Fitch Rating: NA