TORONTO, June 28, 2013 /CNW/ - WPT Industrial Real Estate Investment Trust (the "REIT") (TSX: WIR.U; OTCQX: WPTIF) announced today that its Trust Units have
been approved for trading in the United States on the OTCQX marketplace
("OTCQX"). Trading commenced today under the symbol "WPTIF". The REIT
will continue to trade on the Toronto Stock Exchange under its existing
"We are pleased to have received approval to have our Trust Units traded
on OTCQX, providing US investors with an efficient mechanism to
participate in our growth, and all Unitholders with enhanced liquidity
and access to a larger universe of retail and institutional investors,"
commented Scott Frederiksen, Chief Executive Officer.
WPT Industrial REIT began trading today on OTCQX International, a
segment of the OTCQX marketplace reserved for high-quality non-U.S.
companies that are listed on a qualified international exchange,
undergo management reviews and provide their home country disclosure to
U.S. investors. U.S. investors can find current financial disclosures
and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Briggs and Morgan, P.A. will serve as WPT Industrial REIT's Principal
American Liaison ("PAL") on OTCQX, responsible for providing
professional guidance on OTCQX requirements and U.S. securities laws.
About WPT Industrial Real Estate Investment Trust
WPT Industrial Real Estate Investment Trust is an unincorporated,
open-ended real estate investment trust established pursuant to a
declaration of trust under the laws of the Province of Ontario. The
REIT owns and operates an institutional-quality portfolio of primarily
industrial properties located in the United States, with a
particular focus on warehouse and distribution properties. The REIT
currently indirectly owns a portfolio of 35 industrial and two office
properties totaling approximately 8.6 million square feet of gross
leasable area located in 12 states in the United States. WPT Industrial
REIT trades in Canada on the Toronto Stock Exchange under the symbol
"WIR.U" and in the U.S. on OTCQX under the symbol "WPTIF."
Forward Looking Statements
This press release contains "forward-looking information" as defined
under applicable Canadian securities law ("forward-looking information"
or "forward-looking statements"). Such forward-looking information
reflects the REIT's current beliefs and is based on information
currently available to management of the REIT. Forward-looking
statements are necessarily based on a number of estimates and
assumptions that, while considered reasonable by management of the REIT
as of the date of this press release, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. The REIT's estimates, beliefs and assumptions may prove
to be incorrect. The REIT cautions readers not to place undue reliance
on these statements, as forward-looking statements involve significant
risks and uncertainties, should not be read as guarantees of future
performance or results and will not necessarily be accurate indications
of whether or not the times at or by which such performance or results
will be achieved. A number of factors could cause actual results to
differ materially from the results discussed in the forward-looking
statements, including, but not limited to, the factors discussed under
"Risk Factors" and "Forward-Looking Statements" in the REIT's final
prospectus dated April 18, 2013, a copy of which is available on SEDAR
at www.sedar.com. These forward-looking statements are made as of the date of this press
release and, except as expressly required by applicable Canadian
securities law, the REIT assumes no obligation to publicly update or
revise any statement, whether as a result of new information, future
events or otherwise.
SOURCE: WPT Industrial Real Estate Investment Trust
For further information:
Scott Frederiksen, Chief Executive Officer
WPT Industrial Real Estate Investment Trust
Tel: (952) 897-7737
Fax: (952) 842-7737