secwatch.observer — SEC 8-K summary
======================================

Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000950170-24-092911
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strategic Storage Trust VI sets estimated NAV per share at $10.00 as of March 31, 2024
--------------------------------------------------------------------------------

- Estimated NAV per share of $10.00 for all share classes, based on total NAV of $226.6M and 22.65M shares outstanding.
- Appraised value of real estate facilities increased 17.1% to $600.7M from aggregate purchase price of $513.0M.
- Board applied a $15.0M upward adjustment (2%) above Kroll's mid-range appraisal for portfolio growth.
- Share price under DRIP set at $10.00 per share; redemption price for most classes at 93% of NAV ($9.30).
- Series B convertible preferred stock ($150M) assumed redeemed at liquidation value; conversion anti-dilutive at $11.00 conversion price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024092911/0000950170-24-092911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024092911/sstvi-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-092911

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer