VANCOUVER, Nov. 20, 2012 /CNW/ - Pure Industrial Real Estate Trust ("PIRET" or "REIT") (TSX: AAR.UN) today announced that its Board of Trustees has approved a cash distribution of $0.026 per trust unit for the month of November 2012 (equivalent to $0.312 per trust unit on an annualized basis). The November 2012 distribution includes the 4% increase of $0.012 per trust unit on an annualized basis as previously announced and approved by the Board of Trustees on November 13, 2012. This distribution will be paid on December 17, 2012 to unitholders of record at the close of business on November 30, 2012.
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 units are listed on the TSX under the symbol AAR.UN. The REIT currently has 73,423,988 units issued and outstanding.
About Pure Industrial Real Estate Trust
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 one of the largest publicly traded vehicles in Canada that offer investors exclusive exposure to Canada's industrial asset class.
THE TORONTO STOCK 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:
Director of Investor Relations
TSX - AAR.UN