VANCOUVER, March 20, 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 March 2012
(equivalent to $0.30 per trust unit
on an annualized basis). This distribution will be paid on
April 16, 2012 to unitholders of
record at the close of business on March 30,
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
66,407,003 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.
Additional information about PIRET is available
at www.piret.ca or www.sedar.com.
About the 2012 TSX Venture 50
The 2012 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 2012 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 2012 TSX
Venture 50 in the Diversified Industries category.
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)