Summit II REIT Trustee Resigns

TORONTO, Jan. 24, 2013 /CNW/ - Summit Industrial Income REIT ("Summit II") 
(TSXV: SMU.UN) today announced that one of its Trustees, Mr. Peter Lacey, has 
resigned from Summit II's Board of Trustees. 
Summit II regularly is in the process of confidentially negotiating potential 
transactions and expects that its insiders will not trade in its securities 
while such negotiations are underway. 
Mr. Lacey recently traded Summit II units, which he has confirmed was done 
inadvertently to accommodate his personal financial planning and with full 
disclosure as required under applicable law. In the circumstances, and given 
his other work and travel commitments, Mr.Lacey has decided to step down 
from the Board of Trustees, although he remains a significant unitholder of 
Summit II and very supportive of its plans and prospects. 
Summit II is in the process of recruiting two new independent Trustees which 
it expects to announce shortly. 
About Summit II
Summit Industrial Income REIT is an open-ended mutual fund trust focused on 
growing and managing a portfolio of light industrial properties across Canada. 
Summit II's units are listed on the TSX Venture Exchange and trade under the 
symbol SMU.UN. 
Caution Regarding Forward Looking Information 
This news release contains forward-looking statements and forward-looking 
information within the meaning of applicable securities laws. The use of any 
of the words "expect", "anticipate", "continue", "estimate", "objective", 
"ongoing", "may", "will", "project", "should", "believe", "plans", "intends", 
"goal" and similar expressions are intended to identify forward-looking 
information or statements. More particularly and without limitation, this news 
release contains forward looking statements and information concerning the 
recruitment of two new independent trustees. The forward-looking statements 
and information are based on certain key expectations and assumptions made by 
Summit II, including identifying qualified candidates. Although Summit II 
believes that the expectations and assumptions on which such forward-looking 
statements and information are based are reasonable, undue reliance should not 
be placed on the forward looking statements and information because Summit II 
can give no assurance that they will prove to be correct. By its nature, such 
forward-looking information is subject to various risks and uncertainties, 
which could cause the actual results and expectations to differ materially 
from the anticipated results or expectations expressed. These risks and 
uncertainties include, but are not limited to, tenant risks, current economic 
environment, environmental matters, general insured and uninsured risks and 
Summit II being unable to obtain any required financing and approvals. Readers 
are cautioned not to place undue reliance on this forward-looking information, 
which is given as of the date hereof, and to not use such forward looking 
information for anything other than its intended purpose. Summit II undertake 
no obligation to update publicly or revise any forward-looking information, 
whether as a result of new information, future events or otherwise, except as 
required by law. 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
Paul Dykeman, CEO at (902) 448-8044 
SOURCE: Summit Industrial Income REIT 
To view this news release in HTML formatting, please use the following URL: 
CO: Summit Industrial Income REIT
ST: Ontario
-0- Jan/24/2013 17:51 GMT
Press spacebar to pause and continue. Press esc to stop.