National Storage Affiliates Trust enters $400M at-the-market equity program

National Storage Affiliates Trust

Up to $400M of common shares may be sold through agents or forward sale agreements.
Proceeds contributed to operating partnership for debt repayment, acquisitions, and working capital.
Sales agreement with 13 agents includes BofA, BMO, Citigroup, J.P. Morgan, Morgan Stanley, and others.
Commission or forward price reduction not to exceed 2.0% of gross sales price.
Replaces prior open market sales agreement; shares sold at prevailing market prices on NYSE.

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