Pure Industrial Real Estate Trust Announces Cash Distribution for March 2014
VANCOUVER, March 19, 2014 /PRNewswire/ - Pure Industrial Real Estate Trust ("PIRET") (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 March 2014 (equivalent to $0.312 per trust unit on an annualized basis). This distribution will be paid on April 15, 2014 to unitholders of record at the close of business on March 31, 2014.
The policy of PIRET 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. PIRET currently has 150,654,856 units issued and outstanding.
About Pure Industrial Real Estate Trust
PIRET is an unincorporated, open-ended investment trust that acquires, owns and operates 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 internally managed publicly traded REIT in Canada that offers investors exclusive exposure to Canada's industrial asset class.
TSX - AAR.UN
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SOURCE Pure Industrial Real Estate Trust (PIRET)