CubeSmart (CUBE) Announces 13.5M Share Offering
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CubeSmart Announces Public Offering of Common Shares
November 15, 2021 4:52 PM ESTMALVERN, Pa., Nov. 15, 2021 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) (the Company or CubeSmart), the third-largest owner and operator of self-storage properties in the United States, today announced that it has commenced an underwritten public offering of 13,500,000 of its common shares of beneficial interest, par value $0.01 per share ("Common Shares"). In connection with the offering, CubeSmart has granted the underwriters of the offering a 30-day option to purchase up to an additional 2,025,000 Common Shares. CubeSmart expects to use all of the net proceeds of the offering to fund a portion of the approximately $1.648... More
