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.
SOURCE Summit Industrial Income REIT