Series E Preferred Stock
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Strategic Storage Trust VI Announces Series E Preferred Stock Offering
Businesswire· 2025-10-06 22:41
Core Viewpoint - Strategic Storage Trust VI, Inc. (SST VI) has launched a $75 million Series E Preferred Stock offering, expandable to $100 million, aimed at accredited investors, providing access to a diversified portfolio of self-storage assets [1][2][3] Company Overview - SST VI is a publicly registered non-traded real estate investment trust (REIT) sponsored by SmartStop Self Storage REIT, Inc. [1][7] - The company focuses on investing in income-producing and growth-oriented self-storage facilities in the United States and Canada [7] Financial Details - The Series E offering carries an 8% annualized cash dividend, paid monthly when authorized and declared, and ranks senior to all common stock, which totaled approximately $260 million as of June 30, 2025 [2] - SST VI currently has a portfolio valued at over $500 million, with proceeds from the offering expected to pay down debt and further invest in self-storage properties [2] Market Position - The self-storage sector is characterized as a defensive asset class across market cycles, providing stable income and attractive, risk-adjusted returns [3] - SST VI aims to align the interests of its investors with the long-term success of the company [3] Portfolio Composition - As of October 6, 2025, SST VI operates 13 properties in the U.S. with approximately 9,015 units and 1,079,395 rentable square feet, and 11 properties in Canada with approximately 10,205 units and 1,067,715 rentable square feet [7]
Adamas Trust Declares Third Quarter 2025 Common Stock Dividend of $0.23 Per Share, and Preferred Stock Dividends
Globenewswire· 2025-09-15 10:45
Core Viewpoint - Adamas Trust, Inc. has declared a regular quarterly cash dividend of $0.23 per share for the quarter ending September 30, 2025, payable on October 30, 2025, to stockholders of record as of September 25, 2025 [1] Group 1: Dividend Announcements - The Board declared cash dividends on various series of preferred stock, including Series D, E, F, and G, with specific amounts and payment dates [2] - The cash dividends for the preferred stock are as follows: Series D at $0.50, Series E at $0.7032991, Series F at $0.4296875, and Series G at $0.4375, all payable on October 15, 2025, with a record date of October 1, 2025 [3] Group 2: Company Overview - Adamas Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes, focusing on deploying capital across complementary businesses to generate durable earnings and long-term value for stockholders [4]