Form: 8-K

Current report filing

December 1, 2023

0001618563false00016185632023-12-012023-12-010001618563us-gaap:CommonClassAMember2023-12-012023-12-010001618563us-gaap:SeriesAPreferredStockMember2023-12-012023-12-010001618563us-gaap:SeriesBPreferredStockMember2023-12-012023-12-01


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
—————————
FORM 8-K
—————————
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 1, 2023
National Storage Affiliates Trust
(Exact name of registrant as specified in its charter)
Maryland
 001-37351
46-5053858
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
8400 East Prentice Avenue, 9th Floor
Greenwood Village, Colorado 80111
(Address of principal executive offices)
(720) 630-2600
(Registrant's telephone number, including area code)
—————————
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbols Name of each exchange on which registered
Common Shares of Beneficial Interest, $0.01 par value per share NSA New York Stock Exchange
Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $0.01 per share NSA Pr A New York Stock Exchange
Series B Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $0.01 per share NSA Pr B New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
—————————


ITEM 8.01.        Other Events.  
On December 1, 2023, the Board of Trustees (the “Board”) of National Storage Affiliates Trust (the “Company”) approved a new share repurchase program (the “New Share Repurchase Program”) authorizing, but not obligating, the repurchase of up to $275.0 million of the Company’s outstanding common shares of beneficial interest, par value $0.01 per share (the “Shares”) from time to time. The Company expects to acquire the Shares through open market or privately negotiated transactions, or by other means in accordance with federal securities laws. The timing and amount of repurchase transactions, if any, will be determined by Company management based on its evaluation of market conditions, share price, legal requirements and other factors. The New Share Repurchase Program may be suspended or discontinued by the Board at any time without notice.





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NATIONAL STORAGE AFFILIATES TRUST
By: /s/ David G. Cramer
 David G. Cramer
President and Chief Executive Officer

Date: December 1, 2023