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Public Storage (NYSE:PSA)’s John Reyes, Senior Vice President and Chief Financial Officer announced that the Company has priced a public offering of 16,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 5.90% Cumulative Preferred Share of Beneficial Interest, Series S. The offering is expected to result in $400 million of gross proceeds (assuming no exercise of the underwriters’ overallotment option) and to close on or about January 12, 2012. The Company expects to use a portion of the net proceeds to redeem our 6.750% Cumulative Preferred Shares, Series L. The Company expects to also use the net proceeds from this offering to make investments in self-storage facilities and in entities that own self-storage facilities, to redeem other preferred securities and for other general corporate purposes.
Public Storage, a member of the S&P 500, The Forbes Global 2000 and FT Global 500, is a fully integrated, self-administered and self-managed real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities. The Company’s headquarters are located in Glendale, California.
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Cleantech Transit Inc (CLNO)
Cleantech Transit is focusing its efforts on building a portfolio of environmentally friendly green assets. Their goal is to create a self sustaining environment where they can produce and sell clean electricity for domestic use. In addition Cleantech will expand its focus to other areas of sustainable energies including renewable resources such as Geothermal, Solar and Wind. Cleantech Transit’s goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.
Wood is the largest energy source of biomass: contributors include the timber industry, agricultural crops and raw materials from the forest. Waste energy is the second largest source of biomass energy. Alcohol fuels is the third largest contributor and is derived mainly from corn.
Any source can be used to fuel biomass energy production. We can use rubbish, animal manure, woodchips, seaweed, corn stalks and other wastes. Biomass is matter usually thought of as garbage. Some of the sources are just lying around: dead trees, left-over crops, woodchips, sawdust from lumber mills, even used tires and livestock manure will do.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
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MV Oil Trust (NYSE:MVO) announced the Trust distribution of Net Profits for the fourth quarterly payment period ended December 31, 2011. Unitholders of record on January 17, 2012 will receive a distribution amounting to $9,545,000 or $0.83 per unit payable January 25, 2012.
MV Oil Trust owns net profits interest in oil and natural gas properties of MV Partners, LLC. These properties are located in the Mid-Continent region in the states of Kansas and Colorado. The company’s oil and gas properties include approximately 1,000 producing oil and gas wells. MV Oil Trust was founded in 2006 and is based in Austin, Texas.
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Xerox Corporation (NYSE:XRX) announced the first battery powered scanner that uses Wi-Fi to wirelessly transmit JPG images and multipage PDF files from the scanner to computers, mobile phones, pads and the cloud. Using a free mobile app, the device is able to communicate wirelessly to a PC, Android®, Mac®, iPhone®, iPad®, iPod® touch, or the Cloud. Priced at only $249.99, the Xerox Mobile Scanner is a small (2″ x 2.75″ x 11.5″) color scanner that includes a 4 GB Eye-Fi SD memory card, carrying case, rechargeable battery and charger. Simple to use, simply press the power button, select a file format (PDF or JPG) and insert the document. The scanner’s patented AutoLaunch technology senses the page and begins scanning.
Xerox Corporation is a $22.5 billion leading global enterprise for business process and document management. Through its broad portfolio of technology and services, Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their real business.
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Keywords: , Cleantech Transit, CLNO, MV Oil, NYSE:MVO, NYSE:PSA, NYSE:XRX, Public Storage, Xerox













