Pure Industrial Real Estate Trust
TSX VENTURE : AAR.UN

Pure Industrial Real Estate Trust

September 28, 2007 16:00 ET

Pure Industrial Real Estate Trust Announces Its Initial Cash Distribution

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2007) -

NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE US.

Pure Industrial Real Estate Trust ("PIRET") (TSX VENTURE:AAR.UN) today announced that its Board of Trustees has approved its initial cash distribution of $0.0332 per trust unit for the 40 day period from August 22, 2007 to September 28, 2007 (this distribution is the equivalent to $0.30 per trust unit on an annualized basis). This distribution will be paid on October 15, 2007 to unitholders of record at the close of business of September 28, 2007.

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.

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 both primary and secondary markets across Canada. PIRET will focus exclusively on investing in industrial properties and will be 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • Pure Industrial Real Estate Trust
    Andrew Greig
    Director of Investor Relations
    (604) 681-5959 or Toll Free: 1-888-681-5959
    Email: agreig@piret.ca
    or
    Pure Industrial Real Estate Trust
    Darren Latoski
    Trustee
    (604) 681-5959 or Toll Free: 1-888-681-5959
    Website: www.piret.ca