Public Storage 2013 Annual Report Download - page 32

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22
1
st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Ordinary Income ................ 100.0000% 100.0000% 99.8273% 99.9543%
Long-term Capital Gain ...... 0.0000% 0.0000% 0.1727% 0.0457%
Total ................................... 100.0000% 100.0000% 100.0000% 100.0000%
For 2012, the dividends paid on common shares ($4.40 per share) and on all the various
classes of preferred shares were classified as ordinary income.
c. Equity Shares
We are authorized to issue 100,000,000 equity shares from time to time in one or more
series and our Board of Trustees has broad authority to fix the dividend and distribution rights,
conversion and voting rights, redemption provisions and liquidation rights of each series of equity
shares. We had no equity shares outstanding for any period in the years ended December 31, 2013
and 2012.
d. Common Share Repurchases
Our Board of Trustees has authorized management to repurchase up to 35,000,000 of our
common shares on the open market or in privately negotiated transactions. From the inception of
the repurchase program through February 25, 2014, we have repurchased a total of 23,721,916
common shares (all purchased prior to 2010) at an aggregate cost of approximately
$679.1 million. Our common share repurchase program does not have an expiration date and
there are 11,278,084 common shares that may yet be repurchased under our repurchase program as
of December 31, 2013. We have no current plans to repurchase shares; however, future levels of
common share repurchases will be dependent upon our available capital, investment alternatives,
and the trading price of our common shares.
e. Preferred Share Redemptions
We had no preferred redemptions during the year ended December 31, 2013.