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Strategic Storage Growth Trust reviewing strategic alternatives

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Strategic Storage Growth Trust reviewing strategic alternatives

Self-storage real estate investment trust Strategic Storage Growth Trust Inc. said its board set up a special committee of independent advisers to review strategic alternatives.

KeyBanc Capital Markets Inc. is serving as the independent financial adviser to the special committee, and Bass Berry & Sims PLC is its special independent legal counsel.

The company also amended its bylaws such that, except in certain circumstances, the U.S. District Court for the District of Maryland, Baltimore Division, will be the exclusive forum for any derivative action or proceeding brought on behalf of the company; any action claiming breach of any duty owed by any director or officer or other company employee to the company or its stockholders; any action asserting a claim against the company or any director or officer or other employee of the company arising under Maryland General Corporation Law or the company's charter or bylaws; or any action asserting a claim against the company or any director or officer or other company employee governed by the internal affairs doctrine.