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National Storage Affiliates Trust Prices $150 Mln Preferred Shares Offering


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National Storage Affiliates Trust ( NSA ) said Tuesday that it has priced its underwritten public offering of 6 million of its 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest for total estimated gross proceeds of approximately $150 million.

The company has also granted the underwriters a 30-day option to purchase up to an additional 900,000 of its 6.000% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest solely to cover overallotments, if any.

Wells Fargo Securities, Morgan Stanley and Jefferies are acting as joint book-running managers for the offering. BMO Capital Markets, Capital One Securities, KeyBanc Capital Markets, Baird and US Bancorp are acting as senior co-managers for the offering.

Shares rose marginally in the after-hours session.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , ETFs
Referenced Symbols: NSA



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