May 24, 2024
Successful Completion of the Special Meeting regarding the re-organization of 6 Nationwide Funds
We are pleased to announce strong voter turnout and the successful completion of the Special Meeting regarding the re-organization of our 6 Nationwide funds.
After thorough deliberation and consideration, the special resolutions of the Trusts has been overwhelmingly approved as follows:
Proxy Voting results are as follows:
Nationwide Self Storage Trust – 99.16% in favor
Nationwide II Self Storage & Auto Wash Trust – 97.70% in favor
Nationwide Self Self Storage & Auto wash Trust – 98.22% in favor
Nationwide IV Self Storage & Auto Wash Trust – 99.53% in favor
Nationwide Express Auto Wash Trust – 100% in favor
Nationwide VI Self Storage &/ Or Auto Wash Trust – 100% in favor
With almost 100% of votes in favor, the support for this proposal has exceeded the required approval threshold of 66 2/3%, demonstrating strong support from our unitholders for this strategic initiative.
The re-organization of these funds is a strategic move aimed at optimizing our resources, enhancing operational efficiencies and providing greater value to our investors.
By consolidating our assets, we aim to achieve more robust investment portfolios, streamlined management and reduced administrative costs, all of which contribute to better returns and value.
Important Note: We are committed to ensuring a smooth transition and will be working diligently over the coming months with back offices, trust companies and municipalities to effect this initiative. As we will be applying for the stratification of 3 properties, we may experience delays with municipal approvals. We anticipate this to be completed by the end of August, 2024, subject of course to timely municipal approvals.
We again extend our sincere thanks to all unitholders for their participation and support in this crucial decision. Your confidence in our strategy is greatly appreciated and we look forward to delivering the benefits of this re-organization to you.
Additionally, a huge thank you to all of the Investment Advisors who proactively assisted clients in fully understanding the proposals.
As always, our team is available to address any questions or concerns you may have. We will provide an update on this transaction in July along with our semi-annual operational updates.
Thank you once again for your continued trust and partnership.
Sincerely,
Hugh Cartwright
Chairman
DON’T MISS OUR UPDATES
Please email info@nationwideselfstorage.ca to be added to our email list and be sure to add our email address to your contacts so you don’t miss our Investor Updates.
| FOLLOW OUR BUSINESS ON SOCIAL MEDIA! | ||
| Express Auto Wash | @express.autowash | @ExpressAutoWashCanada |
| NationWide Self Storage | @nationwideselfstorage | @NationWideSelfStorage |
THE ABOVE INFORMATION IS SPECIFIC TO NATIONWIDE EXPRESS AUTO WASH TRUST AND ITS PROPERTY AT 1035 LOUGHEED HWY, COQUITLAM, BC. TO REVIEW OTHER PROPERTIES RELATED TO NATIONWIDE SELF STORAGE OR EXPRESS AUTO WASH, PLEASE VISIT OUR WEBSITE.
This information is general in nature and does not constitute an offer to sell or an advertisement, solicitation, or recommendation to buy securities. Nothing on these pages constitutes investment, legal or tax advice, nor was it prepared in consideration of the investment objectives, financial situation, particular needs of any specific recipient. There can be no assurance that investments will perform as or be of the quality anticipated. There are risks associated with any investment.