National Storage REIT (ASX:NSR)
is set to raise up to $330 million to strengthen its balance sheet, replenish investment capacity and provide additional funding flexibility.
The company is seeking to raise $300 million through a fully underwritten institutional placement and $30 million through a non-underwritten security purchase plan.
The offers will be made at $1.57 per stapled security, at a 7.1 per cent discount to its Monday close of $1.69.
Shares in National Storage REIT (ASX:NSR)
are in a Trading Halt - Last traded at $1.69.