0000866368-15-000021.txt : 20150909 0000866368-15-000021.hdr.sgml : 20150909 20150908191747 ACCESSION NUMBER: 0000866368-15-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150908 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150909 DATE AS OF CHANGE: 20150908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PS BUSINESS PARKS INC/CA CENTRAL INDEX KEY: 0000866368 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954300881 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10709 FILM NUMBER: 151097758 BUSINESS ADDRESS: STREET 1: 701 WESTERN AVE STREET 2: SUITE 200 CITY: GLENDALE STATE: CA ZIP: 91201-2397 BUSINESS PHONE: (818) 244-8080 MAIL ADDRESS: STREET 1: 701 WESTERN AVE STREET 2: SUITE 200 CITY: GLENDALE STATE: CA ZIP: 91201 FORMER COMPANY: FORMER CONFORMED NAME: PUBLIC STORAGE PROPERTIES XI INC DATE OF NAME CHANGE: 19930328 8-K 1 psb-20150908x8k.htm 8-K psb-8K Q315 submission page 9815 Series R remption

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,  D.C. 20549 

 

____________________

 

FORM 8-K

 

CURRENT REPORT

_____________________

 

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 8, 2015

 

PS BUSINESS PARKS, INC.

(Exact Name of Registrant as Specified in its Charter)

 

California

1-10709

95-4300881

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer
Identification No.)

 

701 Western Avenue, Glendale, California

91201-2349

(Address of Principal Executive Offices)

(Zip Code)

 

(818) 244-8080

(Registrant's telephone number, including area code)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o

Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o

Pre-commencements communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 


 

 

 

Item 8.01 Other Events.

On September 8, 2015, PS Business Parks, Inc. announced that it is calling for redemption on October 15, 2015 all outstanding depositary shares representing interests in its 6.875% Cumulative Preferred Stock, Series R (NYSE:PSBPrR) at $25 per share plus accrued dividends from October 1, 2015 through the date of redemption.  The aggregate redemption amount, before payment of accrued dividends, to be paid to all holders of the depositary shares is $75.0 million. A copy of the press release announcing the redemption is attached as Exhibit 99.1 and is incorporated herein by reference.

 

 

Item 9.01  Financial Statements and Exhibits. 

 

(d)   Exhibits

 

Exhibit 99.1Press Release dated September 8, 2015

 

 


 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

PS BUSINESS PARKS, INC.

 

 

 

 

Date: September 8, 2015

 

 

 

 

By:

/s/ Edward A. Stokx

 

 

Edward A. Stokx

 

 

Chief Financial Officer

 

 


 

 

 

Exhibit Index 

 

 

Exhibit 99.1Press Release dated September 8, 2015

 

 


EX-99.1 2 psb-20150908ex991dcb007.htm EX-99.1 psb-8K Q315 Series R remption

News Release

 

PS Business Parks, Inc.

701 Western Avenue 

Glendale,  CA 91201-2349 

psbusinessparks.com

 

 

 

 

 

For Release:

Immediately

 

Date:

September 8, 2015

 

Contact:

Edward A. Stokx

 

 

(818) 244-8080, Ext. 1649

 

 PS Business Parks, Inc. Announces Redemption of All Outstanding Depositary

Shares Representing Interests in its 6.875% Cumulative Preferred Stock, Series R

 

GLENDALE, California—PS Business Parks, Inc. (NYSE:PSB) announced today that it is calling for redemption on October 15, 2015 all outstanding depositary shares representing interests in its 6.875% Cumulative Preferred Stock, Series R (NYSE:PSBPrR) at $25 per share plus accrued dividends from October 1, 2015 through the date of redemption.  The aggregate redemption amount, before payment of accrued dividends, to be paid to all holders of the depositary shares is $75.0 million.

 

Company Information

 

PS Business Parks, Inc., a member of the S&P SmallCap 600, is a self-advised and self-managed real estate investment trust (“REIT”) that acquires, develops, owns and operates commercial properties, primarily multi-tenant flex, office and industrial space. The Company defines “flex” space as buildings that are configured with a combination of office and warehouse space and can be designed to fit a number of uses (including office, assembly, showroom, laboratory, light manufacturing and warehouse space). As of September 8, 2015, the Company wholly owned 28.0 million rentable square feet with approximately 4,850 customers concentrated primarily in six states.

Additional information about PS Business Parks, Inc. is available on the Internet.  The Company’s website is psbusinessparks.com.

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