MergerJul 14, 2026, 04:22 PM
National Storage Affiliates Shareholders Approve Public Storage Merger
AI Summary
National Storage Affiliates Trust (NSA) shareholders approved the previously announced acquisition by Public Storage at a Special Meeting held on July 14, 2026. The merger proposal received overwhelming support, with approximately 99.9% of votes cast in favor, representing over 84% of outstanding common shares. Shareholders also approved, on an advisory basis, executive compensation related to the merger. The company anticipates the transaction to close around July 22, 2026.
Key Highlights
- Shareholders approved the merger with Public Storage, with 65,683,522 votes For.
- Approximately 99.9% of votes cast were in favor of the merger proposal.
- The merger proposal represented more than 84% of outstanding common shares.
- Shareholders approved, on an advisory basis, executive compensation related to the merger with 56,080,837 votes For.
- The company expects the transaction to be completed on or about July 22, 2026.
- Morgan Stanley & Co. LLC acted as exclusive financial advisor to NSA.
Price Impact
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