VANCOUVER, July 18, 2012 /PRNewswire/ - Pure Industrial Real Estate Trust ("PIRET" or "REIT") (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 July 2012 (equivalent to $0.30 per trust unit on an annualized basis). This distribution will be paid on August 15, 2012 to unitholders of record at the close of business on July 31, 2012.
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 units are listed on the TSX Venture Exchange under the symbol AAR.UN. The REIT currently has 66,483,054 units issued and outstanding.
About Pure Industrial Real Estate Trust
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.
TSX Venture Exchange - AAR.UN
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the policies of the TSX Venture Exchange) HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
SOURCE Pure Industrial Real Estate Trust (PIRET)