Business Wire·Jul 10, 2026, 5:06 PM ET

National Storage Affiliates Trust Announces Anticipated Closing Date of Pending Transaction; Declares Dividend in Connection with Pending Transaction

NSA

National Storage Affiliates Trust (NSA) expects its acquisition by Public Storage to close on or about July 22, 2026, following a shareholder special meeting held on July 14, 2026.
The transaction completion remains subject to approval by NSA's common shareholders and other customary closing conditions.
NSA's Board declared a special prorated cash dividend of $0.0336 per common share covering the period from July 1, 2026, through July 21, 2026.
The pro rata dividend is payable immediately prior to the transaction closing on July 22, 2026, to shareholders of record at the close of business on July 21, 2026.
If the closing is delayed past July 22, 2026, the pro rata dividend will not be paid, and NSA will issue a public update regarding the delay.
The New York Stock Exchange (NYSE) will trade NSA shares with "due bills" during the period from the record date of July 21, 2026, through the last trading day, assigning the right to the dividend to the buyer.
Shareholders selling NSA common shares during the due bill period will transfer their right to the pro rata dividend to the buyer.
Under the merger agreement, NSA common shareholders will receive 0.14 of a Public Storage common share for each NSA common share owned, while NSA OP unitholders will receive 0.14 of a Public Storage OP unit for each NSA OP unit owned.
A majority of outstanding NSA OP unitholders have already consented to the transaction, leaving the July 14, 2026, common shareholder vote as the final equity holder approval required.
NSA is a real estate investment trust headquartered in Greenwood Village, Colorado, operating 1,061 self-storage properties across 37 states and Puerto Rico as of March 31, 2026.
Investors are directed to the definitive proxy statement filed with the SEC on June 12, 2026, for additional details on the proposed transaction.