other material
confidence high
sentiment neutral
materiality 0.30
National Storage Affiliates issues 287,337 Series A-1 preferred units for self storage property acquisition
National Storage Affiliates Trust
- Issued 287,337 6.000% Series A-1 cumulative redeemable preferred units as partial consideration for one self storage property from a participating regional operator.
- After issuance, total Series A-1 preferred units outstanding = 1,032,986.
- Holders may redeem units after lock-up for cash; company may elect to issue Series A preferred shares.