Filed Pursuant to Rule 424(b)(3)
Registration No. 333-212639
STRATEGIC STORAGE TRUST IV, INC.
SUPPLEMENT NO. 10 DATED APRIL 23, 2020
TO THE PROSPECTUS DATED APRIL 19, 2019
This document supplements, and should be read in conjunction with, the prospectus of Strategic Storage Trust IV, Inc. dated April 19, 2019, Supplement No. 8 dated February 3, 2020 (which amended and superseded all prior supplements), and Supplement No. 9 dated March 30, 2020. Unless otherwise defined in this supplement, capitalized terms used in this supplement shall have the same meanings as set forth in the prospectus.
The purpose of this supplement is to disclose:
| • | an update on the status of our public offering; |
| • | the suspension of the primary portion of our public offering; and |
| • | the termination of our dealer manager agreement. |
Status of Our Offering
On January 25, 2017, we sold $7.5 million in Class A shares, or approximately 360,577 Class A shares, to an institutional account investor pursuant to a private offering transaction. On March 17, 2017, our public offering was declared effective. As of April 17, 2020, in connection with our public offering, we have received gross offering proceeds of approximately $243.2 million, consisting of approximately $123.1 million from the sale of approximately 4.9 million Class A shares, approximately $95.2 million from the sale of approximately 3.9 million Class T shares, and approximately $24.9 million from the sale of approximately 1.1 million Class W shares. As of April 17, 2020, approximately $851.8 million in shares remained available for sale in our public offering, including shares available pursuant to our distribution reinvestment plan.
Suspension of Our Offering
Based upon various factors, including the uncertainty relating to the ongoingCOVID-19 outbreak and its potential economic impact, the status of fundraising in thenon-traded REIT industry due to such uncertainty, and the approval by our board of directors of the termination of the Dealer Manager Agreement (as defined below), on April 17, 2020, our board of directors approved the suspension of the primary portion of our offering, effective as of April 30, 2020 (the “Suspension”).
In connection with the Suspension, our policy will be to accept subscription agreements only if they are received by our transfer agent, Strategic Transfer Agent Services, LLC, on or before the close of business on April 30, 2020. Fornon-custodial account subscriptions received by April 30, 2020, such accounts must be fully funded and in good order no later than the close of business on May 7, 2020. For custodial account subscriptions received by April 30, 2020, such accounts must be fully funded and in good order no later than the close of business on May 30, 2020.
1
Termination of Our Dealer Manager Agreement
On February 10, 2017, we entered into a dealer manager agreement, as amended to date (the “Dealer Manager Agreement”), with Select Capital Corporation (“Select Capital”), our dealer manager for our public offering. On April 17, 2020, pursuant to Section 9 of the Dealer Manager Agreement, we provided a60-day termination notice to Select Capital.
2