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 symbol "WIR.U".
"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