PS Business Parks, Inc. (NYSE:PSB) announced today the tax treatment of the Company’s 2021 dividends. For the tax year ended December 31, 2021, the distributions for the common stock and preferred stock were classified as follows:

Common Stock – CUSIP Number 69360J 10 7

Series Z – Preferred Stock – CUSIP Number 69360J 55 2

Series Y – Preferred Stock – CUSIP Number 69360J 57 8

Series X – Preferred Stock – CUSIP Number 69360J 59 4

Series W – Preferred Stock – CUSIP Number 69360J 62 8

This release is based on the preliminary results of work on the Company’s tax filings and is subject to correction or adjustment when the filings are completed. The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company’s distributions. No material change in this classification is expected.

If you have questions, please consult your tax advisor for further guidance.

Company Information

PS Business Parks, Inc. (NYSE:PSB), a S&P MidCap 400 company, is a REIT that acquires, develops, owns, and operates commercial properties, predominantly multi-tenant industrial, industrial-flex, and low-rise suburban office. Located primarily in major coastal markets, PS Business Parks’ 97 properties serve 5,000 tenants in 28 million square feet of space as of December 1, 2021. The portfolio also includes 800 residential units (including units in-process).

Additional information about PS Business Parks, Inc. is available on the Company’s website which can be found at psbusinessparks.com.

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