National Storage Affiliates Trust announced it expects its acquisition by Public Storage to close on or about July 22, 2026, following a special shareholder meeting on July 14. The NSA Board of Trustees declared a special prorated cash dividend of $0.0336 per common share for the period from July 1 through July 21, payable immediately before the transaction closes to holders of record on July 21, contingent on shareholder approval and other conditions. If the closing is delayed past July 22, the dividend will not be paid on that date and NSA will provide further updates. The New York Stock Exchange advised that NSA common shares will trade with due bills from the July 21 record date through the last trading day, meaning sellers during that period transfer the right to the dividend to buyers. Under the merger agreement, each NSA common share will be exchanged for 0.14 of a Public Storage common share, and holders of a majority of outstanding NSA OP units have already consented to the transaction, leaving shareholder approval as the final condition.
Public StoragePublic Storage is acquiring NSA, expanding its portfolio and scale.
National Storage Affiliates Trust