VANCOUVER, Sept. 18, 2012 /CNW/ - 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.
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)
Director of Investor Relations
TSX Venture Exchange - AAR.UN