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ort on Form 10-Q for the quarterly period ended September 30. 2015. to co a Ce3 which are incorporated herein by reference. ca os co a Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these a= >. securities or passed upon the accuracy or adequacy of this prospectus
•.= loin: Book-Running Managers a = 03 (.3 BofA Merrill Lynch 0. 03 0 2 V) Morgan Stanley ID er.= O. VI a) RBC Capital Markets es — UBS Investment Bank E in Wells Fargo Securities F. — Lead Manager in. 2 z = Ciiigroup .Vf 03 ..... 0 = 15 Co-Managers = BNY Mellon Capital Markets, LLC 0
offering price. less the underwriting discount. within 30 days from the date of this prospectus supplement solely to cover over-allotments. None of the Securities and Exchange Commission, any state securities commission, the Registrar of Companies in Bermuda, the Bermuda Monetary Authority or any other regulatory body has approved or
itory Trust Company. against payment on or about June , 2016. See "Underwriting." BofA Merrill Lynch Joint Book-Running Managers Morgan Stanley UBS Investment Bank The date of this prospectus supplement is _tune , 2016. EFTA00618204 TABLE OF CONTENTS Prospectus Supplement Page About This Prospectus Suppl
Shares involves risks. See "Risk Factors" beginning on page S-2 of this prospectus supplement and the risks discussed in the documents we file with the U.S. Securities and Exchange Commission. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined i
neficial Interest, Series C N Public Storage. PROSPECTUS SUPPLEMENT May , 2016 Joint Book-Running Managers BofA Merrill Lynch Morgan Stanley UBS Investment Bank Wells Fargo Securities EFTA00595921
Entities connected to both the Securities and Exchange Commission and UBS Investment Bank

Jared Kushner
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