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National Storage Affiliates Trust Announces Tax Treatment of 2019 Distributions

National Storage Affiliates Trust ("NSA" or the "Company") (NYSE: NSA) today announced the tax treatment of its 2019 distributions on its Common Shares of Beneficial Interest (CUSIP Number 637870106) and its 6.000% Series A Cumulative Redeemable Preferred Shares (CUSIP Number 637870205).

For the tax year ended December 31, 2019, distributions to NSA’s common shareholders were classified as follows:

Declaration
Date

Record Date

Payment
Date

Total Distribution
Per Share

Ordinary Dividends
Per Share

Non-dividend
Distributions
Per Share

2/21/2019

3/15/2019

3/29/2019

$ 0.30

$ 0.198800

$ 0.101200

5/23/2019

6/14/2019

6/28/2019

$ 0.32

$ 0.212053

$ 0.107947

8/22/2019

9/13/2019

9/30/2019

$ 0.32

$ 0.212053

$ 0.107947

11/20/2019

12/13/2019

12/31/2019

$ 0.33

$ 0.218680

$ 0.111320

Totals for 2019

$ 1.27

$ 0.841586

$ 0.428414

For the tax year ended December 31, 2019, distributions to NSA’s preferred shareholders were classified as follows:

Declaration
Date

Record Date

Payment
Date

Total Distribution
Per Share

Ordinary Dividends
Per Share

Non-dividend
Distributions
Per Share

2/21/2019

3/15/2019

3/29/2019

$ 0.375

$ 0.375

$ 0.00

5/23/2019

6/14/2019

6/28/2019

$ 0.375

$ 0.375

$ 0.00

8/22/2019

9/13/2019

9/30/2019

$ 0.375

$ 0.375

$ 0.00

11/20/2019

12/13/2019

12/31/2019

$ 0.375

$ 0.375

$ 0.00

Totals for 2019

$ 1.50

$ 1.50

$ 0.00

The ordinary dividends in the tables above are "qualified REIT dividends" for purposes of Internal Revenue Code section 199A, reported in Box 5 of Form 1099-DIV.

NSA recommends its shareholders consult their individual tax advisors should there be any related questions regarding the above tables.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2019, the Company held ownership interests in and operated 735 self storage properties located in 35 states and Puerto Rico with approximately 47 million rentable square feet. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States. For more information, please visit the Company’s website at www.nationalstorageaffiliates.com. NSA is included in the MSCI US REIT Index (RMS/RMZ), the Russell 2000 Index of Companies and the S&P SmallCap 600 Index.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200122005776/en/

Contacts

National Storage Affiliates Trust
Investor/Media Relations
George Hoglund
Vice President - Investor Relations
720.630.2160
ghoglund@nsareit.net