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Pure Industrial Real Estate Trust Announces Filing of Final Base Shelf Prospectus and AGM Voting Results

June 13, 2014

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, June 13, 2014 /CNW/ - Pure Industrial Real Estate Trust ("PIRET") (TSX: AAR.UN) today announced that it has filed and obtained receipts for a final base shelf prospectus. The final base shelf prospectus was filed with securities regulatory authorities in each of the provinces and territories of Canada for the purposes of the sale of securities.

The final base shelf prospectus is valid for a 25 month period, during which time PIRET may issue, from time to time, trust units, debt securities, warrants, subscription receipts, or any combination thereof, having an aggregate offering price of up to CDN$750 million (or its equivalent in any other currency used to denominate the securities issued at the time of offering).

Securities may be offered for sale separately or in combination with one or more other securities and may be sold from time to time in one or more transactions at a fixed price or prices (which may be changed) or at market prices prevailing at the time of sale, at prices determined by reference to such prevailing market prices or at negotiated prices at the time of the offering.  The specific terms of any offering of securities will be contained in a prospectus supplement filed at the time of their offering.

The base shelf prospectus was filed to provide PIRET with financial flexibility and efficient access to Canadian capital markets, including Quebec.

This press release does not constitute a public offering of securities, nor is it a solicitation to buy securities, in any jurisdiction.  This press release does not constitute an offer of securities for sale in the United States, and the securities referred to in this press release may not be offered or sold in the United States unless registered under the U.S. Securities Act or pursuant to an applicable exemption from registration under the U.S. Securities Act and applicable state securities laws.

Annual Meeting Results

PIRET announces that, at its annual meeting held May 21, 2014 (the "Meeting"), all of the nominees for election as trustees of PIRET referred to in its information circular dated April 15, 2014, as amended April 25, 2014, for the Meeting were elected.

A total of 82,057,330 votes were represented at the Meeting as follows: (i) 79,522,212 Class A Units representing one vote per Class A Unit; and (ii) 278,947 Class B Units representing 2,535,118 votes. The result of the votes held, either in person or by proxy, were as follows:

Resolutions

Votes For

Votes Withheld

Total

Percentage

Total

Percentage

T Richard Turner

73,286,415

89.3%

8,695,890

10.6%

Robert W King

73,290,115

89.3%

8,692,190

10.6%

Douglas R Scott

81,874,538

99.8%

107,767

0.1%

James K Bogusz

81,885,638

99.8%

96,667

0.1%

Stephen J Evans

61,315,153

74.7%

20,667,152

25.2%

Kevan S Gorrie

79,693,885

97.1%

2,288,420

2.8%



About Pure Industrial Real Estate Trust

PIRET is an unincorporated, open-ended investment trust that owns and operates a diversified portfolio of income-producing industrial properties in leading markets. PIRET is an internally managed REIT that focuses exclusively on investing in industrial properties.

Additional information about the PIRET is available at www.piret.ca or www.sedar.com.

Toronto Stock Exchange  – AAR.UN

Forward-Looking Information:

Certain statements contained in this press release may constitute forward-looking statements. Forward-looking 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. 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.

THE TORONTOSTOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

SOURCE Pure Industrial Real Estate Trust (PIRET)


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Source: Canada Newswire


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