Self Storage Group Announces Net Asset Value as of March 31, 2014
Self Storage Group, Inc. (OTCQB:
SELF) announced today that its unaudited net asset value per share (“NAV”) as of March 31, 2014 was $4.65. As of March 31, 2014, the Company owned, through its wholly owned subsidiaries, seven self storage properties located in New York, Pennsylvania, Illinois, Indiana, and South Carolina, comprising more than 80% of its net assets.
About Self Storage Group, Inc.
Self Storage Group, Inc. is a non-diversified closed end investment management company whose common stock is traded over the counter under the ticker symbol “SELF.” The primary investment objective of the Company is to provide a high level of income, with capital appreciation as a secondary objective.
On February 29, 2012, shareholders approved a proposal to change the Company’s business from an investment management company to an operating company that owns, operates, manages, acquires, develops and redevelops professionally managed self storage properties (the “Business Proposal”). Until the Business Proposal is fully implemented, the Company’s Board of Directors has the power to change or modify the Business Proposal if it concludes that doing so would be in the best interests of the Company and its stockholders. The Company has applied to the Securities and Exchange Commission to de-register as an investment company.
The Company’s management and affiliated persons of management may from time to time own, buy or sell common stock of the Company. More information about the Company may be obtained at www.selfstoragegroupinc.com.