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SmartStop Self Storage REIT Completes CA$200 Million Maple Bond Offering

BY MT Newswires | CORPORATE | 09/24/25 04:46 PM EDT

04:46 PM EDT, 09/24/2025 (MT Newswires) -- SmartStop Self Storage REIT (SMA) said late Wednesday that it has completed a CA$200 million ($143.9 million) series B senior unsecured notes issuance in the Canadian Maple Bond market.

The five-year notes, issued through SmartStop, bear a 3.888% interest rate, mature on Sept. 24, 2030, and pay interest semiannually starting in March 2026, the report said.

Net proceeds will be used to repay debt, fund acquisitions, and for general corporate purpose, it added.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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