Self Storage Group, Inc. (Ticker: SELF) currently is a non-diversified closed end fund whose common stock is traded over the counter.
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.
As a closed end fund, the primary investment objective of the Company is to provide a high level of income, with capital appreciation as a secondary objective. The Company has applied to the Securities and Exchange Commission to deregister as a closed end fund under the Investment Company Act of 1940. After the Company deregisters, it will no longer be a closed end fund subject to its current investment objectives. Although the investment objectives will no longer be controlling, the Company currently intends to continue to operate to provide a high level of income and capital appreciation.
The Company has paid dividends every year since it was founded in 1983.
Net Asset Value
$4.82 as of June 30, 2014.