Download (“PIRET”) announces that it has filed today with the secu

PURE INDUSTRIAL REAL ESTATE TRUST ANNOUNCES CLOSING OF
$34.776 MILLION BOUGHT DEAL
Vancouver, BC – January 26, 2012: Pure Industrial Real Estate Trust (“PIRET”) (TSXV: AAR.UN)
today announced the closing of its previously announced public offering (the “Offering”) of 8,280,000
trust units (“Units”) (inclusive of 1,080,000 Units issued pursuant to the exercise in full of the overallotment option), on a bought deal basis, at a price of $4.20 per Unit for total gross proceeds of
$34,776,000. The Offering was conducted through a syndicate of underwriters led by Canaccord Genuity
Corp. and Dundee Securities Ltd., as co-lead underwriters, and including RBC Dominion Securities Inc.,
CIBC World Markets Inc., National Bank Financial Inc., Raymond James Ltd., HSBC Securities
(Canada) Inc., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Sora Group Wealth
Advisors Inc., and Union Securities Ltd.
PIRET intends to use the net proceeds from the Offering and the over-allotment option to fund
acquisitions and repay debt and for general working capital purposes.
PIRET’s units are listed on the TSX Venture Exchange under the symbol AAR.UN. PIRET now has
58,703,903 units issued and outstanding. For more information on PIRET, visit our website at
www.piret.ca.
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 primary markets
across Canada. PIRET focuses exclusively on investing in industrial properties and is the only publicly
traded vehicle in Canada that offers investors exclusive exposure to Canada’s industrial asset class.
For more information please contact:
Andrew Greig,
Director of Investor Relations
Pure Industrial Real Estate Trust (PIRET)
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 681-5959 or (888) 681-5959
E-mail: [email protected]
www.piret.ca
TSX Venture Exchange – AAR.UN
PURE INDUSTRIAL REAL ESTATE TRUST
Suite 910, 925 West Georgia Street • Vancouver • British Columbia • Canada • V6C 3L2 • Telephone (604) 681-5959 • Fax (604) 681-5969
-2Forward-Looking Information:
Certain statements contained in this press release may constitute forward-looking statements. Forwardlooking statements are often, but not always, identified by the use of words such as "anticipate", "plan",
"expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements. Forward-looking statements in this news
release include that PIRET intends to use the net proceeds from the Offering and the over-allotment
option to fund acquisitions and repay debt and for general working capital purpose. The forward-looking
statements contained in this news release are based on certain key expectations and assumptions made by
PIRET, including: expectations and assumptions concerning receipt of required regulatory approvals and
the satisfaction of other conditions to the completion of the property acquistions.
Although PIRET believes that the expectations and assumptions on which the forward-looking statements
are based are reasonable, undue reliance should not be placed on the forward-looking statements
because PIRET can give no assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those currently anticipated due to a number of
factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory
approvals or satisfy the conditions to closing the property acquisitions, competitive factors in the
industries in which PIRET operates, prevailing economic conditions, and other factors, many of which
are beyond the control of the PIRET.
The forward-looking statements contained in this press release represent PIRET's expectations as of the
date hereof, and are subject to change after such date. PIRET disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new information, future events or
otherwise, except as required under applicable securities regulations.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (as that term is defined in the policies of the TSX Venture Exchange) HAS
REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY
OF THIS RELEASE.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
PURE INDUSTRIAL REAL ESTATE TRUST
Suite 910, 925 West Georgia Street • Vancouver • British Columbia • Canada • V6C 3L2 • Telephone (604) 681-5959 • Fax (604) 681-5969