Update to Prospectus Supplement for Common Stock Offering

Strategic Insights -

This prospectus supplement updates and amends information in the original prospectus supplement dated May 15, 2019, to reflect changes in the common stock offering. Notably, Truist Securities, Inc. has replaced BB&T Capital Markets as a sales agent, and J.P. Morgan Securities LLC has terminated its role as a sales agent. The changes affect the equity distribution agreements and the list of sales agents. Investors are reminded of the risks associated with investing in common stock, as described in the original prospectus supplement and prospectus.

Key Takeaways:

  • The prospectus supplement updates and amends information in the original prospectus supplement dated May 15, 2019.
  • Truist Securities, Inc. has replaced BB&T Capital Markets as a sales agent under the equity distribution agreement.
  • J.P. Morgan Securities LLC has terminated its role as a sales agent under its equity distribution agreement.
  • All references to BB&T Capital Markets and J.P. Morgan Securities LLC in the original prospectus supplement will be deemed deleted and replaced with Truist Securities, Inc. and Wells Fargo Securities, LLC, respectively.
  • Investors should carefully read the discussion of material risks of investing in common stock in the "Risk Factors" section of the original prospectus supplement and prospectus.
  • The common stock offering involves a high degree of risk, and investors should consider the risks described in the most recent Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission.
  • The Securities and Exchange Commission has not approved or disapproved of the common stock offering.

Statistics:

  • The common stock offering is for up to $500,000,000 of shares of common stock.
  • The offering is being made through separate equity distribution agreements with sales agents and/or principals.
  • Truist Securities, Inc. has replaced BB&T Capital Markets as a sales agent under two equity distribution agreements.
  • J.P. Morgan Securities LLC has terminated its role as a sales agent under one equity distribution agreement.

Sources:

  • (EDGAR Online via COMTEX) -- PROSPECTUS SUPPLEMENT (To Prospectus supplement dated May 15, 2019 and accompanying prospectus dated May 15, 2019)
  • As of Tuesday, 11-03-2020 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-17-2012 for EXR @ $28.80.