VANCOUVER, May 18 /CNW/ - Pure Industrial Real Estate Trust ("PIRET")
(TSXV: AAR.UN) today announced that its Board of Trustees has approved
a cash distribution of $0.025 per trust unit for the month of May, 2011
(equivalent to $0.30 per trust unit on an annualized basis). This
distribution will be paid on June 15, 2011 to unitholders of record at
the close of business on May 31, 2011.
The policy of Pure Industrial Real Estate Trust 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 has 50,371,263 units issued and outstanding.
For more information on PIRET, visit our website at www.piret.ca.
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 vehicle 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.
About the 2011 TSX Venture 50
The 2011 TSX Venture 50 is comprised of ten companies from each of five
sectors: Clean Technology, Mining, Oil & Gas, Diversified Industries,
and Technology & Life Sciences. The 2011 TSX Venture 50 companies were
chosen based on the following criteria, with equal weighting assigned
to each: share price appreciation, trading volume, market
capitalization growth and analyst coverage. PIRET was selected to the
2011 TSX Venture 50 in the Diversified Industries category.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
SOURCE Pure Industrial Real Estate Trust (PIRET)
For further information:
| Andrew Greig, |
Director of Investor Relations
Pure Industrial Real Estate Trust (PIRET)
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 681-5959 or (888) 681-5959
TSX Venture Exchange - AAR.UN