National Storage REIT Securityholders Approve Brookfield, GIC Takeover Scheme

MT Newswires Live04-15

National Storage REIT (ASX:NSR) secured strong shareholder backing, with about 98% of votes cast in favor of the transaction resolutions, advancing the proposed acquisition by a consortium led by Brookfield Asset Management and GIC to acquire all issued company securities, according to a Wednesday Australian bourse filing.

The transaction still requires final approval from the Supreme Court of New South Wales at a hearing scheduled for April 21, per the filing.

Upon court approval, the scheme is expected to become legally effective on that date, and the company securities are expected to be suspended from trading on the Australian Securities Exchange at the close of trading on April 21, the filing added.

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