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National Storage falls after $177M capital raise for Simply Self Storage deal

Published 07/11/2018, 09:50 AM
© Reuters.  National Storage falls after $177M capital raise for Simply Self Storage deal
NSA
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  • National Storage Affiliates Trust (NYSE:NSA) sinks 4.4% after its offering of 5.9M shares priced to raise gross proceeds of $177M to help pay for its joint venture's acquisition of Simply Self Storage's portfolio.
  • The gross proceeds figure implies a per-share price of $30. Shares closed at $31.27 on Tuesday.
  • Source: Press Release
  • Previously: National Storage Affiliates Trust lower 3.8% on common stock public offering (July 11)
  • Now read: 3 Attractive Yields And 3 That Are Overpriced


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