secwatch.observer — SEC 8-K summary
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Issuer:     National Storage Affiliates Trust (NSA)
CIK:        0001618563
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001628280-23-008754
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

National Storage Affiliates acquires 15 Florida properties for $144M, issues Series B Preferred Shares
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- Acquired 15 self-storage properties in Florida from Personal Mini Storage affiliates for ~$144M.
- Issued 5,668,128 Series B 6% Cumulative Redeemable Preferred Shares ($25 liquidation preference) to sellers.
- Series B Preferred rank senior to common, 6% dividend ($1.50/yr), quarterly starting June 30, 2023.
- Registration rights agreement requires filing resale registration statement within 180 days.
- Partnership unit amendment creates Series B Preferred OP Units mirroring preferred shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618563/000162828023008754/0001628280-23-008754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618563/000162828023008754/nsa-20230315.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-008754

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