STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX-V) is pleased to announce the following: (1) it intends to close the previously announced acquisitions for the Kitchener asset, the 5 store Prairie portfolio and the Kamloops asset on or before March 31, 2017, and (2) it has issued 3,000,000 options to directors, officers, employees and consultants of StorageVault.
STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX-V) announced today that, in connection with the Dividend Policy and the dividend reinvestment plan (“DRIP”) previously announced on April 18, 2016, a quarterly dividend of $0.0025 per common share (“Common Share”) will be payable on April 17, 2017 to shareholders of record on March 31, 2017, with an ex-dividend date of March 29, 2017. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes.
STORAGEVAULT CANADA INC. ("StorageVault") (SVI-TSX-V) announced today that it understands that Access Self Storage Inc. ("Access") has acquired 15,000,000 common shares in the capital of StorageVault ("Common Shares") at a price of $1.50 per share, representing an aggregate purchase price of $22,500,000, from three vendors pursuant to a share purchase agreement, representing 5.17% of the issued and outstanding Common Shares of StorageVault.
STORAGEVAULT CANADA INC. (" StorageVault " or the " Corporation ") ( TSX VENTURE:SVI ) is pleased to announce the following: (1) that it has entered into a purchase agreement to acquire five stores in the Prairies for $22,000,000, (2) it has closed the previously announced acquisition of 5 stores in Ontario and Quebec for $66,850,000, and (3) it has issued 3,000,000 options to purchase common shares (“ Common Shares ”) of StorageVault.
STORAGEVAULT CANADA INC. (" StorageVault " or the " Corporation ") ( TSX VENTURE:SVI ) reported the Corporation's 2016 third quarter and nine months year to date results. Iqbal Khan, Chief Financial Officer, commented:
"We continue to achieve and exceed our acquisition plan, having closed or announced $114.5 million in acquisitions so far this year, combined with success on improving our operational results. With Q3 traditionally being the strongest quarter of the year, and with the performance of the stores acquired in 2015 being solid, we are on pace to achieve our expected annual results. To the end of quarter, we closed $78.7 million in acquisitions, closed a bought deal raise for gross proceeds of $57.5 million, issued an additional $7.1 in common shares to vendors in asset acquisitions, declared our third quarter dividend and increased net operating income from the prior quarter by 19.1%."