National Storage Affiliates-Public Storage deal set to close July 22

• Public Storage is set to acquire National Storage Affiliates in an all-stock deal expected to close on July 22, 2026.
• Each National Storage share will be exchanged for 0.14 Public Storage shares, leading to National Storage’s delisting from the NYSE.
• In Brazil, B3’s depositary plans to sell the Public Storage shares received for the BDR program, paying eligible holders in cash.
• The preliminary cash value is BRL 55.61 per BDR, based on a 1:4 underlying share-to-BDR ratio and a July 10 FX rate of 5.11.
• Trading in the BDRs is expected to be suspended on July 21, with a July 20 eligible date tied to the corporate action.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. National Storage Affiliates Trust published the original content used to generate this news brief on July 15, 2026, and is solely responsible for the information contained therein.