TORONTO, Nov. 11, 2013 /CNW/ - Summit Industrial Income REIT ("Summit II" or the "REIT") announced today that having received approval from the Toronto Stock Exchange ("TSX") to list its Trust Units on the TSX, the REIT's Trust Units will begin trading on the TSX effective today under the symbol SMU.UN. In connection with the graduation, the REIT's Trust Units will no longer be listed on the TSX Venture Exchange.
"We are very pleased and proud to list and trade our Trust Units on the Toronto Stock Exchange," stated Paul Dykeman, CEO. "We believe this listing will provide access to a wider and deeper community of investors and enhanced trading liquidity for all our Unitholders."
In connection with the graduation to the TSX, the REIT has filed an amended and restated distribution reinvestment plan ("DRIP"), which now refers to the TSX, rather than the TSX Venture Exchange as the REIT's exchange, and provides that any amendment, suspension or termination of the DRIP must be approved by the TSX. A copy of the such amended and restated plan is available on SEDAR and on the REIT's website.
About Summit II
Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada. Summit II's units are listed on the Toronto Stock Exchange 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. The forward-looking statements and information are based on certain key expectations and assumptions made by Summit II, including general economic conditions. 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.
SOURCE: Summit Industrial Income REIT
For further information:
Paul Dykeman, CEO at (902) 405-8813