/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
VANCOUVER, Oct. 19, 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 $0.025 per trust unit for the month of October 2012 (equivalent to $0.30 per trust unit on an annualized basis). This distribution will be paid on November 15, 2012 to unitholders of record at the close of business on October 31, 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 73,403,154 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 the largest publicly traded vehicle in Canada that offers investors exclusive exposure to Canada's industrial asset class.
The Toronto Stock Exchange has not reviewed nor approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.
SOURCE: Pure Industrial Real Estate Trust (PIRET)
For further information:
Director of Investor Relations
Pure Industrial Real Estate Trust
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 681-5959 or (888) 681-5959
TSX - AAR.UN