Pinnacle Investment Management increases stake in National Storage REIT

Pinnacle Investment Management Group Limited increased its substantial holding in National Storage REIT. As of August 27, 2025, Pinnacle's voting power rose from 10.18% to 11.24%, representing a total of 156,382,528 ordinary fully paid shares. The previous notice was dated April 15, 2025.

The change in interest involved numerous transactions between April 23, 2025, and August 27, 2025, including both purchases and sales. A notable acquisition occurred on August 27, 2025, where Pinnacle purchased 11,966,093 shares for A$29,407,385.01. Other significant purchases included 1,060,797 shares for A$2,467,702.19 on May 1, 2025, and 2,538,810 shares for A$6,072,637.55 on July 3, 2025.

Conversely, there were also sales, such as 3,632,575 shares for A$8,836,765.43 on August 20, 2025, and 1,874,143 shares for A$4,418,538.49 on May 9, 2025. Pinnacle holds relevant interests through its direct and indirect voting power in affiliated investment managers, as well as its capacity as a responsible entity or trustee of various schemes.