Current Report Filing (8-k)

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,  D.C. 20549 

 

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FORM 8-K

 

CURRENT REPORT

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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)

 

[phone]

(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))

 

 

 

 

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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 99.1—Press Release dated September 8, 2015

 

 

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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

 

 

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Exhibit Index 

 

 

Exhibit 99.1—Press Release dated September 8, 2015

 

 

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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
		[phone], 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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