-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q1GnTYPUKH/jNhnWpLLuixVJRWoogXpfQNDGnubHnUYYpZv9+hpBexp/Cko63l9S gBIl3O7rTqyckphp8GHu+g== 0000898430-99-001675.txt : 19990423 0000898430-99-001675.hdr.sgml : 19990423 ACCESSION NUMBER: 0000898430-99-001675 CONFORMED SUBMISSION TYPE: 424B5 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990422 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC STORAGE INC /CA CENTRAL INDEX KEY: 0000318380 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 953551121 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B5 SEC ACT: SEC FILE NUMBER: 333-75113 FILM NUMBER: 99598978 BUSINESS ADDRESS: STREET 1: 701 WESTERN AVE STREET 2: STE 200 CITY: GLENDALE STATE: CA ZIP: 91201-2397 BUSINESS PHONE: 8182448080 MAIL ADDRESS: STREET 1: 701 WESTERN AVE STREET 2: SUITE 200 CITY: GLENDALE STATE: CA ZIP: 91201 FORMER COMPANY: FORMER CONFORMED NAME: STORAGE EQUITIES INC DATE OF NAME CHANGE: 19920703 424B5 1 PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE 424(b)(5) REGISTRATION NO. 333-75113 PS Partners II, Ltd. 701 Western Avenue Glendale, California 91201-2397 April 22, 1999 Re: Public Storage, Inc. PS Partners II, Ltd. Information Statement, Notice of Action Without a Meeting and Prospectus dated March 29, 1999 Dear Limited Partner: You were recently mailed an information statement, notice of action without a meeting and prospectus dated March 29, 1999 and accompanying cash election form relating to the acquisition by Public Storage, Inc. of all of the units of limited partnership interest in the Partnership not currently owned by Public Storage. Public Storage, a general partner of the Partnership, owns 74% of the Partnership units. Public Storage is acquiring the units through a merger in which each of your units will be converted into the right to receive a value of $697 in Public Storage common stock or, at your election, in cash. The cash election deadline has been extended from April 29, 1999 to May 6, 1999. In order for an election to be effective, the exchange agent, BankBoston, N.A., must receive a properly completed cash election form no later than 5:00 P.M., New York City time, on May 6, 1999. If all conditions set forth in the Merger Agreement have been met or, if permissible, waived, the Effective Date of the merger will be May 7, 1999. The Partnership will make distributions to holders of Partnership units to cause the estimated net asset value per unit as of May 7, 1999, the Effective Date, to be substantially equivalent to $697. The market value of the Public Storage common stock to be issued in the merger will continue to be based on the average of the per share closing prices on the New York Stock Exchange, Inc. of Public Storage, Inc. common stock during the 20 consecutive trading days ending on April 23, 1999 (the fifth trading day prior to April 30, 1999). If you have any questions, please contact Public Storage's Investor Services Department at (800) 807-3055, (800) 421-2856 or (818) 244-8080. Very truly yours, PUBLIC STORAGE, INC. General Partner /s/ Harvey Lenkin By: Harvey Lenkin President -----END PRIVACY-ENHANCED MESSAGE-----