Strategic Storage Trust VI, Inc. (SGST): debt financing — SST VI acquires Toronto and Edmonton storage assets for CAD$50.5M+; secures $15M preferred equity and CAD$25M loan

As described in Item 1.01, above, on January 31, 2023, the Company entered into the Loan with National Bank. The Loan is secured by a first mortgage on the Don Mills Property. Pursuant to the loan agreement for the Loan (the “Loan Agreement”), the interest rate is equal to the 1 month Canadian Dollar Offered Rate ("CDOR"), plus 2.4%. As of the date of closing, the interest rate on the Loan was approximately 6.36%. The Loan also has an initial term of two years, maturing on January 31, 2025.

On January 30, 2023, the Company, its operating partnership (the “Operating Partnership”), and a subsidiary of SmartStop (the “Preferred Investor”) entered into a Series A Cumulative Redeemable Preferred Unit Purchase Agreement (the “Preferred Unit Purchase Agreement”) pursuant to which the Operating Partnership issued and sold to the Preferred Investor, and the Preferred Investor purchased 600,000 Series A Cumulative Redeemable Preferred Units of Limited Partnership Interest (the “Preferred Units”) at a liquidation preference of $25.00 per unit (the “Liquidation Amount”) in consideration for the Preferred Investor making a capital contribution to the Operating Partnership in an amount of $15 million

On the same date, the Company and the Operating Partnership entered into Amendment No. 1 to the Second Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Amendment”).