TORONTO, March 19, 2026 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) is happy to announce that it has obtained conditional acceptance from the Toronto Inventory Change (the “TSX”) to conduct a Regular Course Issuer Bid (“NCIB”) to buy for cancellation, through the 12-month interval beginning March 23, 2026:
(i) as much as 18,265,484 of the excellent frequent shares of the Company (the “Common Shares”), representing 5% of the 365,309,695 Widespread Shares excellent (as of March 9, 2026);
(ii) excellent 5.50% senior unsecured hybrid debentures of the Company issued in July 2021 and due on September 30, 2026 (“2021 Debentures”) within the mixture principal quantity of $2,873,750, representing 5% of the at the moment excellent $57,475,000 mixture principal quantity of 2021 Debentures (as of March 9, 2025);
(iii) excellent 5.00% convertible senior unsecured debentures of the Company issued in January 2023 and due on March 31, 2028 (“2023 Debentures”) within the mixture principal quantity of $7,491,850, representing 5% of the at the moment excellent $149,837,000 mixture principal quantity of 2023 Debentures (as of March 9, 2025); and
(iv) excellent 5.60% senior unsecured hybrid debentures of the Company issued in November 2025 and due on December 31, 2030 (“2025 Debentures” and collectively, with the 2021 Debentures and 2023 Debentures, the “Debentures”) within the mixture principal quantity of $2,875,000, representing 5% of the at the moment excellent $57,500,000 mixture principal quantity of 2025 Debentures (as of March 9, 2025).
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Every NCIB will finish on March 22, 2027, except the utmost quantity of Widespread Shares or Debentures, as relevant, is bought earlier than then or StorageVault offers earlier discover of termination. StorageVault is not going to purchase by means of the services of the TSX greater than 65,861 Widespread Shares, $12,848 mixture principal quantity of 2021 Debentures, $38,173 mixture principal quantity of 2023 Debentures or $56,629 mixture principal quantity 2025 Debentures, throughout a buying and selling day, being 25% of the typical each day buying and selling quantity of the Widespread Shares (263,447), 2021 Debentures ($51,395), 2023 Debentures ($152,693) and 2025 Debentures ($226,516), respectively, on the TSX from September 1, 2025 till February 28, 2026, topic to sure prescribed exceptions. The inventory image on the TSX for the Widespread Shares, 2021 Debentures, 2023 Debentures and 2025 Debentures is SVI, SVI.DB.B, SVI.DB.C and SVI.DB.D, respectively.
The acquisition and fee for the Widespread Shares and Debentures will likely be made by StorageVault by means of the services of the TSX or various buying and selling techniques. Nationwide Financial institution Monetary Inc. has been chosen as StorageVault’s agent for the NCIB. The value paid for the Widespread Shares or Debentures, as relevant, will likely be, topic to NCIB pricing guidelines contained in securities legal guidelines, the prevailing market value of such Widespread Shares or Debentures, as relevant, on the TSX on the time of such buy. StorageVault intends to fund the purchases out of obtainable money.
StorageVault believes that the market value of its Widespread Shares and Debentures might not mirror their underlying worth and the Board of Administrators has licensed this initiative as a result of, within the Board’s opinion, the proposed buy of Widespread Shares and Debentures pursuant to the NCIB constitutes an acceptable use of StorageVault’s funds, and the repurchase of its Widespread Shares and Debentures is a method of making securityholder worth.
To the information of StorageVault, no director, senior officer or different insider of StorageVault at the moment intends to promote any Widespread Shares or Debentures underneath the NCIB. Nevertheless, gross sales by such individuals by means of the services of the TSX might happen if the private circumstances of any such individual modifications or any such individual comes to a decision unrelated to those NCIB purchases. The advantages to any such individual whose Widespread Shares or Debentures are bought could be the identical as the advantages obtainable to all different holders whose Widespread Shares or Debentures are bought.
StorageVault carried out a earlier NCIB for as much as 18,314,775 Widespread Shares, $3,750,000 beforehand excellent 5.75% senior unsecured hybrid debentures of the Company issued in July 2020 and due on January 31, 2026 (which have been repaid in full) (“2020 Debentures”), $2,873,750 2021 Debentures and $7,491,850 2023 Debentures by means of the services of the TSX, which NCIB will finish on March 20, 2026. Pursuant to the earlier Widespread Share NCIB, as much as March 9, 2026, StorageVault bought an mixture of 1,288,375 Widespread Shares, at a quantity weighted common value of $3.91 per Widespread Share. No 2020 Debentures, 2021 Debentures or 2023 Debentures had been bought.
About StorageVault Canada Inc.StorageVault at the moment owns and operates 265 storage areas throughout Canada. StorageVault owns 232 of those areas plus over 5,000 moveable storage items representing over 13.2 million rentable sq. ft on 768 acres of land. StorageVault additionally offers final mile storage and logistics’ options {and professional} information administration companies, akin to doc and media storage, imaging and shredding companies.
For additional data, contact Mr. Steven Scott or Mr. Iqbal Khan:
