Latest Self Storage Group Inc. (SELF) Headlines
Sovran announces acquisition of assets worth USD98.7m
M2 - Fri Jan 10, 5:56AM CST
Self storage real estate investment trust Sovran Self Storage Inc (NYSE:SSS) reported on Thursday that it has acquired seven self storage facilities totaling over 575,000 sq ft of rental space in five separate transactions, for a combined price of USD98.7m.
Self Storage Group Adopts Stockholder Rights Plan
Marketwire - Fri Dec 06, 3:05PM CST
Self Storage Group, Inc. (formerly Global Income Fund, Inc.) (OTCQB: SELF) (the "Company") announced today that its Board of Directors, after careful consideration and based on the recommendation of a special committee comprised solely of the independent directors, by the unanimous vote of the directors present, adopted a stockholder rights plan (the "Plan"). This action has been taken in furtherance of implementing the Company's business proposal, approved by its stockholders, to change the Company's business from an investment company to an operating company that owns, operates, manages, acquires, develops and redevelops professionally managed self storage facilities and seeks to qualify as a real estate investment trust ("REIT") for federal tax purposes (the "Business Proposal"). In approving the Plan, the Board seeks to preserve the Company's ability to fully implement the Business Proposal and to discourage the accumulation of shares by persons or groups of persons to such an extent that concentrated ownership may adversely affect the Company's ability to deregister as an investment company and qualify as a REIT for federal tax purposes.
Sovran announces acquisition of assets worth USD98.7m
M2 - Fri Jan 10, 5:56AM CST
Self storage real estate investment trust Sovran Self Storage Inc (NYSE:SSS) reported on Thursday that it has acquired seven self storage facilities totaling over 575,000 sq ft of rental space in five separate transactions, for a combined price of USD98.7m.
Self Storage Group Adopts Stockholder Rights Plan
Marketwire - Fri Dec 06, 3:05PM CST
Self Storage Group, Inc. (formerly Global Income Fund, Inc.) (OTCQB: SELF) (the "Company") announced today that its Board of Directors, after careful consideration and based on the recommendation of a special committee comprised solely of the independent directors, by the unanimous vote of the directors present, adopted a stockholder rights plan (the "Plan"). This action has been taken in furtherance of implementing the Company's business proposal, approved by its stockholders, to change the Company's business from an investment company to an operating company that owns, operates, manages, acquires, develops and redevelops professionally managed self storage facilities and seeks to qualify as a real estate investment trust ("REIT") for federal tax purposes (the "Business Proposal"). In approving the Plan, the Board seeks to preserve the Company's ability to fully implement the Business Proposal and to discourage the accumulation of shares by persons or groups of persons to such an extent that concentrated ownership may adversely affect the Company's ability to deregister as an investment company and qualify as a REIT for federal tax purposes.
