Pure Industrial Real Estate Trust Announces Voting Results For Election of Trustees and Cash Distribution for May 2013

VANCOUVER, May 17, 2013 /PRNewswire/ - Pure Industrial Real Estate Trust ("PIRET") (TSX: AAR.UN) announces that, at its annual and special meeting held May 13, 2013 (the "Meeting"), all of the nominees for election as trustees of PIRET referred to in its information circular dated March 26, 2013 for the Meeting were elected.

A total of 45,216,251 votes were represented at the Meeting, were as follows: (i) 42,681,133 Class A Units (each, a "Unit") representing one vote per Unit; and (ii) 278,947 Class B Units representing 2,535,118 votes. The result of the votes held, either in person or by proxy, were as follows:

Resolution   Vote type   Total Voted   Voted (%)
T RICHARD TURNER   For   40,471,978.00   89.51%
    Withheld   4,616,006.00   10.21%
             
ROBERT W KING   For   44,748,806.00   98.97%
    Withheld   338,178.00   0.75%
             
DOUGLAS R SCOTT   For   44,754,506.00   98.98%
    Withheld   332,478.00   0.74%
             
JAMES K BOGUSZ   For   44,749,306.00   98.97%
    Withheld   338,678.00   0.75%
             
DARREN T LATOSKI   For   44,804,299.00   99.09%
    Withheld   282,685.00   0.63%
             
STEPHEN J EVANS   For   38,854,783.00   85.93%
    Withheld   6,232,201.00   13.78%
             
KEVAN GORRIE   For   44,786,599.00   99.05%
    Withheld   301,385.00   0.67%

Distribution

PIRET today announced that its Board of Trustees has approved a cash distribution of $0.026 per Unit for the month of May 2013 (equivalent to $0.312 per Unit on an annualized basis). This distribution will be paid on June 17, 2013 to unitholders of record at the close of business on May 31, 2013.

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's Units are listed on the TSX under the symbol AAR.UN.  PIRET currently has 135,716,055 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.

Additional information about PIRET is available at www.piret.ca or www.sedar.com.

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)



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