Summit Industrial Income REIT announces distribution of $0.0408 per unit
TORONTO, June 14, 2013 /CNW/ - Toronto, Ontario - Summit Industrial Income
REIT ("Summit II") (TSXV: SMU.UN) is pleased to announce a $0.0408 per Unit
distribution for June 2013. The distribution will be paid on July 15, 2013 to
Unitholders of record on June 28, 2013.
Summit II recently adopted an amended and restated distribution reinvestment
plan ("DRIP") whereby residents of Canada may elect to have their cash
distributions reinvested in additional units of Summit II. Summit II has
reserved 1,801,311 units for issuance under the DRIP, and as of the date of
this news release, insiders holding approximately 2.9% of the outstanding
units of Summit II participate in the DRIP.
Details about the DRIP and registration forms can be found on Summit II's
website at www.summitIIreit.com, or at www.sedar.com.
About Summit II
Summit II 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. For
more information, please visit our web site at www.summitIIreit.com.
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 Summit
II's distributions and the DRIP. The forward-looking statements and
information are based on certain key expectations and assumptions made by
Summit II. 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. 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 undertakes 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) 405-8813 firstname.lastname@example.org
SOURCE: Summit Industrial Income REIT
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