VANCOUVER, July 24, 2012 /CNW/ - Pure Industrial Real Estate Trust
("PIRET" or the "REIT") (TSXV: AAR.UN) announced today that the Toronto
Stock Exchange (the "TSX") has conditionally approved the listing of
PIRET's Class A trust units (the "Units").
Listing of the Units is subject to compliance with all of the
requirements of the TSX, including receipt of all required
documentation by the TSX on or before October 16, 2012. PIRET
anticipates filing final listing materials with the TSX by the end of
July 2012 and will issue a further news release as soon as the date for
trading on the TSX has been confirmed. Once listed on the TSX, the
Units will be delisted from the TSX Venture Exchange.
The Units will continue to trade under the stock symbol "AAR.UN" upon listing on the TSX.
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.
Certain statements contained in this news release may constitute
forward-looking statements. Forward-looking statements are often, but
not always, identified by the use of words such as "anticipate",
"plan", "expect", "may", "will", "intend", "should", and similar
expressions. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events
to differ materially from those anticipated in such forward-looking
statements. The forward-looking statements contained in this news
release are based on certain key expectations and assumptions made by
PIRET, including: PIRET anticipates filing final listing materials with
the TSX by the end of July 2012 and will issue a further news release
as soon as the date for trading on the TSX has been confirmed.
Although PIRET believes that the expectations and assumptions on which
the forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because PIRET
can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated due to
a number of factors and risks. These include, but are not limited to,
the failure to satisfy the conditions to complete the acquisition, the
inability to obtain mortgage financing on expected terms, competitive
factors in the industries in which PIRET operates, prevailing economic
conditions, and other factors, many of which are beyond the control of
The forward-looking statements contained in this news release represent
PIRET's expectations as of the date hereof, and are subject to change
after such date. PIRET disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required under
applicable securities regulations.
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)
For further information:
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