VANCOUVER, July 24, 2012 /PRNewswire/ - Pure Industrial Real
Estate Trust ("PIRET" or the "REIT") (TSXV: AAR.UN) announced today
that the Toronto Stock Exchange
(the "TSX") has conditionally approved the listing of PIRET's Class
A trust units (the "Units").
Listing of the Units is subject to compliance
with all of the requirements of the TSX, including receipt of all
required documentation by the TSX on or before October 16, 2012. PIRET anticipates filing final
listing materials with the TSX by the end of July 2012 and will issue a further news release
as soon as the date for trading on the TSX has been confirmed. Once
listed on the TSX, the Units will be delisted from the TSX Venture
Exchange.
The Units will continue to trade under the stock
symbol "AAR.UN" upon listing on the TSX.
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 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.
Forward-Looking Information:
Certain statements contained in this news
release may constitute forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of
words such as "anticipate", "plan", "expect", "may", "will",
"intend", "should", and similar expressions. These statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements. The
forward-looking statements contained in this news release are based
on certain key expectations and assumptions made by PIRET,
including: PIRET anticipates filing final listing materials with
the TSX by the end of July 2012 and
will issue a further news release as soon as the date for trading
on the TSX has been confirmed.
Although PIRET believes that the expectations
and assumptions on which the forward-looking statements are based
are reasonable, undue reliance should not be placed on the
forward-looking statements because PIRET can give no assurance that
they will prove to be correct. Since forward-looking statements
address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could
differ materially from those currently anticipated due to a number
of factors and risks. These include, but are not limited to, the
failure to satisfy the conditions to complete the acquisition, the
inability to obtain mortgage financing on expected terms,
competitive factors in the industries in which PIRET operates,
prevailing economic conditions, and other factors, many of which
are beyond the control of PIRET.
The forward-looking statements contained in this news release
represent PIRET's expectations as of the date hereof, and are
subject to change after such date. PIRET disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required under applicable securities regulations.
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)