TORONTO, Oct. 15, 2013 /CNW/ - Summit Industrial Income
REIT ("Summit II") (TSXV: SMU.UN) is pleased to announce a
$0.0408 per Unit distribution for
October 2013. The distribution will
be paid on November 15, 2013 to
Unitholders of record on October 31,
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 3.9% 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.
SOURCE Summit Industrial Income REIT