Business Context and Reporting Period
This Form 8-K is a current report filed by Strategic Storage Trust II, Inc. (the Registrant) on October 21, 2015. The filing addresses Item 8.01 (Other Events) regarding the declaration of daily distributions for its Class T and Class A common stock.
Key Financial Metrics
The filing details specific distribution rates rather than comprehensive financial statements (revenue, profit, or cash flow are not provided in this document).
- Class T Common Stock: Daily distribution of $0.00164383561 per share. This equates to an annualized distribution rate of 6.34% (assuming a purchase price of $9.47).
- Class A Common Stock: Daily distribution of $0.00164383561 per share. This equates to an annualized distribution rate of 6.00% (assuming a purchase price of $10.00).
- Payment Schedule: Distributions are payable to stockholders of record as of the close of business on each day of the specified periods. Monthly payments are determined by the Chief Executive Officer.
Material Changes
The filing reports a new declaration for Class T shares effective October 21, 2015. It also references a prior declaration for Class A shares made on September 2, 2015, which became effective October 1, 2015. No comparative financial data or material changes to operating metrics are disclosed in this specific report.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies beyond the standard distribution mechanics. The distribution periods for both share classes are set to end on December 31, 2015.
Investor Verification Checklist
- Verify the exact number of outstanding Class T and Class A shares to calculate total distribution liability.
- Confirm the specific payment dates for the October and November distributions, as these are determined by the CEO.
- Review the Registrant's liquidity position in other filings to ensure sufficient cash flow to meet the daily distribution obligations.
- Note that the annualized rates are based on specific assumed purchase prices ($9.47 for Class T and $10.00 for Class A); actual yield will vary based on the investor's cost basis.