WPT Industrial Real Estate Investment Trust Begins Trading on OTCQX®
NEW YORK, June 28, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that WPT Industrial Real Estate Investment Trust (OTCQX: WPTIF; TSX: WIR.U), a real estate investment trust that owns and operates a portfolio of primarily industrial properties in the United States, has chosen to trade on OTCQX®, the best marketplace with qualified companies.
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.
"We are pleased to welcome WPT to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards. We look forward to supporting the WPT team as they continue to grow the company and provide a robust public market for their shares."
"We are proud to join OTCQX, which will enable us to provide our U.S. investors with timely news and information to help them better analyze, value and trade our securities," said Scott Frederiksen, CEO of WPT Industrial REIT.
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.
WPT Industrial REIT is an unincorporated, open-ended real estate investment trust that owns and operates an institutional-quality portfolio of primarily industrial properties located in the United States, with a particular focus on warehouse and distribution industrial real estate. WPT Industrial, LP (the REIT's operating subsidiary) indirectly owns a portfolio of properties consisting of approximately 8.6 million square feet of gross leasable area, comprised of 35 industrial properties and two office properties located in 12 states within the United States. Welsh Property Trust, LLC is the external asset manager and property manager of the REIT.
WPT Industrial REIT trades in the U.S. on OTCQX under the symbol "WPTIF."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
SOURCE OTC Markets Group Inc.