Strategic Storage Trust VI Reclassifies 270M Shares into Class Y and Z, Declares Stock Dividends

Strategic Storage Trust VI, Inc.

Effective Nov 1, 2023, reclassified 200M Class T shares into Class Y and 70M Class A shares into Class Z common stock.
Entered Amendment No. 2 to Dealer Manager Agreement with Pacific Oak Capital Markets for Class Y fees (3% commission, 3% dealer manager).
Entered Sponsor Funding Agreement with SmartStop REIT Advisors to fund upfront sales loads and organization expenses, receiving Series C Units.
Board declared stock dividends of 0.11075 Class A, 0.07526 Class T, and 0.01075 Class W per share, payable Nov 22, 2023.
Amended DRP to include Class Y and Z at $9.30 per share and SRP to set redemption at 93% of net investment amount.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Strategic Storage Trust VI, Inc.: Reclassified 200,000,000 authorized but unissued Class T shares as new Class Y shares and 70,000,000 authorized but unissued Class A shares as new Class Z shares, effective November 1, 2023 (effective 2023-11-01).

Change: charter amendment
Effective: 2023-11-01

Exact text from the filing

On November 1, 2023, the Company filed Articles Supplementary (“Articles Supplementary”) to the Company’s First Articles of Amendment and Restatement, as amended, pursuant to which, effective as of November 1, 2023, the Company reclassified 200,000,000 authorized but unissued Class T Shares as new Class Y Shares, and reclassified 70,000,000 authorized but unissued Class A Shares as new Class Z Shares.

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Strategic Storage Trust VI, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-268055

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