TORONTO, Oct. 15, 2013 /CNW/ - Summit Industrial Income REIT ("Summit II") (TSXV: SMU.UN) is pleased to announce a $0.0408 per Unit distribution
for October 2013. The distribution will be paid on November 15, 2013 to
Unitholders of record on October 31, 2013.
Summit II recently adopted an amended and restated distribution
reinvestment plan ("DRIP") whereby residents of Canada may elect to have their cash
distributions reinvested in additional units of Summit II. Summit II
has reserved 1,801,311 units for issuance under the DRIP, and as of the
date of this news release, insiders holding approximately 3.9% of the
outstanding units of Summit II participate in the DRIP.
Details about the DRIP and registration forms can be found on Summit
II's website at www.summitIIreit.com, or at www.sedar.com.
About Summit II
Summit II is an open-ended mutual fund trust focused on growing and managing a portfolio of
light industrial properties across Canada. Summit II's units are listed
on the TSX Venture Exchange and trade under the symbol SMU.UN. For
more information, please visit our web site at www.summitIIreit.com.
Caution Regarding Forward Looking Information
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable securities
laws. The use of any of the words "expect", "anticipate", "continue",
"estimate", "objective", "ongoing", "may", "will", "project", "should",
"believe", "plans", "intends", "goal" and similar expressions are
intended to identify forward-looking information or statements. More
particularly and without limitation, this news release contains forward
looking statements and information concerning Summit II's distributions
and the DRIP. The forward-looking statements and information are based
on certain key expectations and assumptions made by Summit II. Although
Summit II believes that the expectations and assumptions on which such
forward-looking statements and information are based are reasonable,
undue reliance should not be placed on the forward looking statements
and information because Summit II can give no assurance that they will
prove to be correct. By its nature, such forward-looking information is
subject to various risks and uncertainties, which could cause the
actual results and expectations to differ materially from the
anticipated results or expectations expressed. Readers are cautioned
not to place undue reliance on this forward-looking information, which
is given as of the date hereof, and to not use such forward looking
information for anything other than its intended purpose. Summit II
undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new information,
future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Summit Industrial Income REIT
For further information:
Paul Dykeman, CEO at (902) 405-8813