TORONTO,
Oct. 17, 2013 /CNW/ - Summit
Industrial Income REIT ("Summit II" or the "REIT") (TSXV: SMU.UN)
announced today that it has received conditional approval from the
Toronto Stock Exchange ("TSX") to list its Trust Units on the TSX.
Trading in the REIT's Trust Units on the TSX is expected to begin
on or before January 1, 2014 under
the same trading symbol used by the REIT currently.
"We are very pleased to receive conditional
approval to have our Units traded on the TSX," stated Paul Dykeman, CEO. "Once trading begins on the
TSX, we believe we will have access to a wider and deeper community
of investors and provide enhanced trading liquidity for all our
Unitholders."
About Summit II
Summit Industrial Income REIT is an unincorporated open-end trust
focused on growing and managing a portfolio of light industrial
properties across Canada. Summit
II's units are currently listed on the TSX-V 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. The forward-looking
statements and information are based on certain key expectations
and assumptions made by Summit II, including general economic
conditions. 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