Public Storage, Inc.'s 10-Q filed with the SEC states the following:
"Equity Stock, Series A
At September 30, 2006 and December 31, 2005, we had 8,744,193
depositary shares outstanding, each representing 1/1,000 of a share
of Equity Stock, Series A ("Equity Stock A"). The Equity Stock A
ranks on parity with common stock and junior to the Cumulative
Preferred Stock with respect to general preference rights and has a
liquidation amount which cannot exceed $24.50 per share.
Distributions with respect to each depositary share shall be the
lesser of: (i) five times the per share dividend on our common stock
or (ii) $2.45 per annum. We have no obligation to pay distributions
on the depositary shares if no distributions are paid to common
shareholders."
It isn't really preferred stock and it really isn't common stock. It
is Equity Stock.
It doesn't look like we will ever have a neat way of determining the
right IssueType on every stock. If every stock were assigned the
proper IssueType we would have dozens of different codes and the
result would be meaningless.
I personally am going to have lighten up on this issue and perhaps
others will also.
Dale
--- In [email protected], "investor0329" <[EMAIL PROTECTED]> wrote:
>
> QP has ticker 'psa a' classified as a common stock.
> It is not a common stock. It doesn't even have a chat group at
> Yahoo. It appears to be a preferred. I've noticed many issues that
> appear misclassified like this. Why is this so?..and can it be
fixed?
> It doesn't even have the format of a stock ticker, but rather, that
of
> a preferred ticker.
>
> Please advice. Thx.
>
