VANCOUVER, April 19 /PRNewswire-FirstCall/ - Pure Industrial Real Estate Trust ("PIRET") (TSXV: AAR.UN) today announced that its Board of Trustees has approved a cash distribution of $0.025 per trust unit for the month of April, 2011 (equivalent to $0.30 per trust unit on an annualized basis). This distribution will be paid on May 16, 2011 to unitholders of record at the close of business on April 29, 2011.
The policy of Pure Industrial Real Estate Trust 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 Venture Exchange under the symbol AAR.UN. PIRET has 35,766,263 units issued and outstanding.
For more information on PIRET, visit our website at www.piret.ca.
About Pure Industrial Real Estate Trust (PIRET)
PIRET is an unincorporated, open-ended investment trust established for the purposes of acquiring, owning and operating a diversified portfolio of income-producing industrial properties in primary markets across Canada. PIRET focuses exclusively on investing in industrial properties and is the only publicly traded vehicle in Canada that offers investors exclusive exposure to Canada's industrial asset class.
About the 2011 TSX Venture 50
The 2011 TSX Venture 50 is comprised of ten companies from each of five sectors: Clean Technology, Mining, Oil & Gas, Diversified Industries, and Technology & Life Sciences. The 2011 TSX Venture 50 companies were chosen based on the following criteria, with equal weighting assigned to each: share price appreciation, trading volume, market capitalization growth and analyst coverage. PIRET was selected to the 2011 TSX Venture 50 in the Diversified Industries category.
THE TSX VENTURE 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)