May 5 (Reuters) - National Storage Reit NSR.AX :
* LAUNCHES A FULLY UNDERWRITTEN $300 MILLION INSTITUTIONAL PLACEMENT
* LAUNCHES A NON-UNDERWRITTEN SECURITY PURCHASE PLAN TO RAISE UP TO A FURTHER $30 MILLION
* POST PLACEMENT, CO WILL HAVE CASH & UNDRAWN DEBT FACILITIES OF $628 MILLION
* NATIONAL STORAGE REIT-AROUND $120 MILLION OF ACQUISITION & DEVELOPMENT OPPORTUNITIES UNDER ACTIVE CONSIDERATION
* COVID-19 PANDEMIC MAY PROVIDE ADDITIONAL ACQUISITION AND DEVELOPMENT OPPORTUNITIES OVER NEXT 12-18 MONTHS
* PLACEMENT WILL BE ISSUED AT A FIXED PRICE OF $1.57 PER STAPLED SECURITY
* UPDATES FY20 EARNINGS GUIDANCE TO BETWEEN 8.2 TO 8.7 CENTS PER STAPLED SECURITY