StorageVault Expands Footprint with Completion of $62.5 Million of Acquisitions of Five Storage Assets

About this update from Storagevault Canada Inc.

[{"type":"text","content":"StorageVault Expands Footprint with Completion of $62.5 Million of Acquisitions of Five Storage Assets\nTORONTO, March 26, 2026 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that, further to its December 18, 2025 news release, it has completed the acquisition of five stores (the “Acquisitions”) from four vendor groups, for an aggregate purchase price of $62.5 million. Three of the Acquisitions are arm’s length and two, totaling $42.4 million, are related party acquisitions (the “Related Party Acquisitions”) with Access Self Storage Inc. (“Access”) and its affiliate (together with Access, the “Access Group”) as the vendors. The aggregate purchase price for the Acquisitions was $62.5 million, subject to customary adjustments. The consideration consisted of $2 million of StorageVault common shares at $5.87 per share (the “Payment Shares”), funds on hand, promissory notes and mortgage financing. The Payment Shares are subject to a hold period that expires on July 26, 2026. The balance of the transactions announced on December 18, 2025 are expected to close in Q2, 2026. Exemption from MI 61-101; and Early WarningAs the Access Group are non-arm’s length parties to StorageVault, the Related Party Acquisitions are considered a “related party transaction” under Multilateral Instrument 61-101 - “Protection of Minority Security Holders in Special Transactions” (“MI 61-101”). StorageVault relied on exemptions from the formal valuation and minority approval requirements of MI 61-101, in respect of the Related Party Acquisitions, pursuant to Section 5.5(a) and Section 5.7(1)(a) (Fair Market Value Not More Than 25% of Market Capitalization) of MI 61-101. The 340,716 Payment Shares at an aggregate value of $2.0 million were issued to Access in connection with the Related Party Acquisitions, representing 0.09% of the issued and outstanding common shares of StorageVault. Prior to the closing of the Acquisitions, Access owned or controlled 138,013,107 common shares of StorageVault, representing 37.8% of the issued and outstanding common shares of StorageVault. Access now owns or controls 138,353,823 common shares or approximately 37.8% of the total issued and &#...

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