Smartstop Self Storage Reit Inc.

11/26/2024 | Press release | Distributed by Public on 11/26/2024 05:04

Regulation FD Disclosure Form 8 K

Item 7.01. Regulation FD Disclosure.

On November 25, 2024, in connection with its process for reviewing alternatives in order to provide liquidity to stockholders, the board of directors ("Board") of SmartStop Self Storage REIT, Inc. (the "Company") approved: (i) the suspension of the Company's distribution reinvestment plan ("DRP"), such that distributions for the month of November 2024, payable on or about December 16, 2024, as well as any distributions declared by the Board for any future months, will be paid in cash until such time as our Board may approve the resumption of the DRP, if ever; and (ii) the full suspension of Company's share redemption program ("SRP"), effective immediately, such that all redemption requests currently in the queue, as well as any future redemption requests received while the SRP is fully suspended, will not be processed. Prior to November 25, 2024, the SRP remained partially suspended, except for repurchases sought in connection with a stockholder's death, qualifying disability, confinement to a long-term care facility or other exigent circumstances. This Current Report on Form 8-K serves as the 10-day notice for suspension of the DRP.