Shurgard Storage Ctr (NYSE:SHU)
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Public Storage, Inc. (NYSE:PSA) and Shurgard Storage
Centers, Inc. (NYSE:SHU) announced today that each will hold a
shareholder meeting on August 22, 2006 at 9:00 a.m. (PDT). As
previously announced, Public Storage and Shurgard shareholders of
record at the close of business on June 23, 2006 will be entitled to
vote at their respective meetings.
About Public Storage, Inc.
Public Storage, Inc., a member of the S&P 500 and the Forbes
Global 2000, is a fully integrated, self-administered and self-managed
real estate investment trust that primarily acquires, develops, owns
and operates self-storage facilities. Public Storage's headquarters
are located in Glendale, California. Public Storage's self-storage
properties are located in 37 states. At March 31, 2006, Public Storage
had interests in 1,508 storage facilities with approximately 92
million net rentable square feet.
Additional information about Public Storage, Inc. is available on
its website, www.publicstorage.com.
About Shurgard Storage Centers, Inc.
Shurgard Storage Centers, Inc. is a real estate investment trust
headquartered in Seattle, Washington. Shurgard specializes in all
aspects of the self-storage industry and operates a network of over
656 operating storage centers located throughout the United States and
in Europe.
Additional information about Shurgard Storage Centers, Inc. is
available on its website, www.shurgard.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. All statements other than
statements of historical facts included in this press release are
forward-looking statements. All forward-looking statements speak only
as the date of this press release. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that
may cause the actual results to be materially different from any
future results expressed or implied by such forward-looking
statements. Additional information or factors which could impact the
companies and the forward-looking statements contained herein are
included in each company's filings with the Securities and Exchange
Commission, including in Part II, Item 1A, "Risk Factors," in Public
Storage's Quarterly Report on Form 10-Q and 8-K and in Part I, Item
1A, "Risk Factors," in Shurgard's Annual Report on Form 10-K. The
companies assume no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events.
Additional Information and Where to Find It
This press release does not constitute an offer of any securities
for sale. In connection with the proposed transaction, Public Storage
and Shurgard have filed a definitive joint proxy statement/prospectus
dated July 24, 2006 with the Securities and Exchange Commission as
part of a registration statement regarding the proposed merger of
Public Storage and Shurgard. INVESTORS AND SECURITY HOLDERS ARE URGED
TO READ THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER
RELEVANT MATERIAL BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT
PUBLIC STORAGE AND SHURGARD AND THE PROPOSED MERGER. Investors and
security holders may obtain a free copy of the definitive proxy
statement/prospectus and other documents filed by Public Storage and
Shurgard with the SEC at the SEC's website at www.sec.gov. The
definitive joint proxy statement/prospectus and other relevant
documents may also be obtained free of charge from Public Storage or
Shurgard by directing such request to: Public Storage, Inc. 701
Western Avenue, Glendale, CA 91201-2349, Attention: Investor Relations
or Shurgard Storage Centers, Inc., 1155 Valley Street, Suite 400,
Seattle, WA 98109-4426, Attention: Investor Relations.
Public Storage and Shurgard and their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from the shareholders of Public Storage and
Shurgard in connection with the merger. Information about Public
Storage and its directors and executive officers, and their ownership
of Public Storage and information about Shurgard and its directors and
executive officers, and their ownership of Shurgard securities, is set
forth in the definitive joint proxy statement/prospectus dated July
24, 2006 included in the registration statement on Form S-4 filed with
the SEC on April 20, 2006 and amended May 24, 2006, June 12, 2006,
June 19, 2006 and July 24, 2006. Additional information regarding the
interests of those persons may be obtained by reading the definitive
proxy statement/prospectus.
This communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. No offering of securities shall be made
except by means of a prospectus meeting the requirements of Section 10
of the Securities Act of 1933.