VANCOUVER, Sept. 18, 2012 /PRNewswire/ - Pure Industrial
Real Estate Trust ("PIRET" or the "REIT") (TSXV: AAR.UN) is
pleased to announce that it has received final approval from the
Toronto Stock Exchange (the "TSX") to list its Class A trust units
(the "Units"). The Units will be listed and commence trading
on the TSX at the opening of markets on September 19, 2012. PIRET's Units will
continue to trade under the symbol "AAR.UN".
"The graduation to the TSX represents an
important milestone in the maturation of PIRET", said Darren Latoski, Co-Chief Executive Officer of
PIRET. "We are excited about the future of PIRET as
management pursues opportunities for growth."
PIRET's Units will be de-listed from the TSX
Venture Exchange upon listing and commencement of trading on the
TSX.
The REIT is also pleased to announce that its
Board of Trustees has approved a cash distribution of $0.025 per Unit for the month of September 2012 (equivalent to $0.30 per Unit on an annualized basis). This
distribution will be paid on October 15,
2012 to unitholders of record at the close of business on
September 28, 2012.
The policy of PIRET is to pay cash distributions
on or about the 15th day of each month to the unitholders of record
on the last business day of the preceding month.
PIRET's Units are listed on the TSX Venture
Exchange under the symbol AAR.UN. PIRET currently has
77,403,154 Units issued and outstanding.
About Pure Industrial Real Estate Trust (PIRET)
PIRET is an unincorporated, open-ended
investment trust established for the purposes of acquiring, owning
and operating a diversified portfolio of income-producing
industrial properties in primary markets across Canada. PIRET focuses exclusively on investing
in industrial properties and is the only publicly traded REIT in
Canada that offers investors
exclusive exposure to Canada's
industrial asset class.
Additional information about PIRET is available at www.piret.ca
or www.sedar.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (as that term is defined in the policies of the TSX
Venture Exchange) HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR THE ACCURACY OF THIS RELEASE.
SOURCE Pure Industrial Real Estate Trust (PIRET)