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Get filing alertsNSA sets July 22 closing for Public Storage acquisition, declares $0.0336 prorated dividend
Filed July 10, 2026 · Period ending July 10, 2026 · ~1 min read
Key Changes
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NSA expects its acquisition by Public Storage to close July 22, 2026, following a July 14 shareholder vote. NSA shareholders will receive 0.14 Public Storage shares per NSA share. OP unitholders have already consented.
Item 8.01 verify on EDGAR → -
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NSA's Board declared a special dividend of $0.0336 per share for July 1–21, payable immediately before closing to July 21 record holders. Payment is contingent on shareholder approval and closing conditions.
Item 8.01 verify on EDGAR → -
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NSA shares will trade with due bills from July 21 through the last NYSE trading day. Shareholders who sell during this period transfer their dividend rights to buyers. If closing delays past July 22, the dividend will not be paid on that date.
Item 8.01 verify on EDGAR →
Summary
National Storage Affiliates Trust announced that its acquisition by Public Storage is expected to close on or about July 22, 2026, shortly after a special shareholder meeting on July 14. The transaction remains subject to common shareholder approval at that meeting and other customary closing conditions. Under the merger agreement, NSA shareholders will receive 0.14 Public Storage shares for each NSA share held.
A majority of NSA's operating partnership unitholders (excluding units held by NSA itself) have already consented to the transaction, leaving only the July 14 common shareholder vote as the remaining equity-holder approval needed. In connection with the expected closing, NSA's Board declared a special prorated cash dividend of $0.0336 per share covering the period from July 1 through July 21, 2026.
The dividend will be paid immediately before the merger closes to shareholders of record on July 21, and is contingent on shareholder approval and satisfaction of other closing conditions. NSA shares will trade with due bills from July 21 through the last NYSE trading day, meaning shareholders who sell during this period will transfer their dividend rights to buyers. If the closing is delayed past July 22, the dividend will not be paid on that date and NSA will announce revised timing. For NSA shareholders, the key date to watch is July 14 when the shareholder vote will determine whether the transaction proceeds to closing.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · verify on EDGAR →
National Storage Affiliates Trust (“NSA” or the "Company") (NYSE: NSA) announced today that it expects the previously announced acquisition of NSA by Public Storage (the “Transaction”) to be completed on or about July 22, 2026 following the special meeting of NSA’s common shareholders on July 14, 2026. The completion of the Transaction remains subject to the approval of NSA’s common shareholders and other customary closing conditions.
NSA expects its acquisition by Public Storage to close around July 22, 2026, shortly after a July 14 shareholder vote. The transaction remains contingent on shareholder approval and standard closing conditions. Under the merger agreement, NSA shareholders will receive 0.14 Public Storage shares for each NSA share.
Added in current filing · view on EDGAR →
NSA also announced that holders of a majority of the outstanding NSA OP units, excluding NSA OP units held, directly or indirectly, by NSA or any of its subsidiaries, consented to the Transaction pursuant to the consent solicitation conducted by NSA in connection with the Transaction. As a result, the approval of NSA’s common shareholders at the special meeting of NSA’s common shareholders on July 14, 2026 is the only remaining approval of NSA’s equity holders that is a condition to the completion of the Transaction.
A majority of NSA's operating partnership unitholders (excluding units held by NSA itself) have consented to the transaction. This leaves only the July 14 common shareholder vote as the remaining equity-holder approval needed to close the deal.
Event · Item 8.01 — Other Events
NSA announces anticipated closing date for pending transaction and declares related dividend.
Added in current filing · verify on EDGAR →
On July 10, 2026, National Storage Affiliates Trust issued a press release entitled “National Storage Affiliates Trust Announces Anticipated Closing Date of Pending Transaction; Declares Dividend in Connection with Pending Transaction.”
NSA issued a press release announcing an anticipated closing date for a pending transaction and declaring a dividend in connection with that transaction. The 8-K does not provide details about the transaction terms, closing date, or dividend amount — those details are in the press release exhibit.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 13, 2026 · How we verify