TSX:SVIReal Estate
The Bull Case For StorageVault Canada (TSX:SVI) Could Change Following New Buyback And Storage Acquisitions
StorageVault Canada Inc. recently completed the acquisition of five self-storage stores from four vendor groups for C$62.5 million, funded through a mix of cash, promissory notes, mortgage financing and C$2.0 million of common shares issued to Access Self Storage Inc. as part of related party transactions.
These deals marginally increased the Access Group’s ownership to about 37.8% of StorageVault while the company also authorized a normal course issuer bid to repurchase up to 18,265,484...