PURE INDUSTRIAL REAL ESTATE TRUST ANNOUNCES CLOSING OF $230 MILLION BOUGHT DEAL
Vancouver, BC – August 3, 2017: Pure Industrial Real Estate Trust (TSX: AAR.UN) (the “Trust”) announced the closing of its previously announced public offering (the “Offering”) of 35,937,500 Class A trust Units (each, a “Unit”), inclusive of 4,687,500 Units issued pursuant to the exercise in full of the over-allotment option, on a bought deal basis, at a price of $6.40 per Unit for a total gross proceeds of $230,000,000.
The Offering was conducted through a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets on their own behalf and on behalf of CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., Canaccord Genuity Corp., Desjardins Securities Inc., TD Securities Inc., Raymond James Ltd., GMP Securities L.P., Eight Capital and Industrial Alliance Securities Inc.
The Trust intends to use the proceeds from the Offering to fund a portion of the purchase price of certain properties under contract as described in greater detail under the heading “Use of Proceeds” in the Trust’s prospectus supplement dated July 27, 2017, available on SEDAR at www.sedar.com and at www.piret.ca.
The Trust’s Units are listed on the Toronto Stock Exchange under the symbol AAR.UN. The Trust now has 305,876,697 Units issued and outstanding.
ABOUT PURE INDUSTRIAL REAL ESTATE TRUST
Pure Industrial Real Estate Trust is an unincorporated, open-ended investment trust that owns and operates a diversified portfolio of income-producing industrial properties in leading markets across Canada and key distribution and logistics markets in the United States. The Trust is an internally managed REIT and is one of the largest publicly-traded REITs in Canada that offers investors exposure to industrial real estate assets in Canada and the United States.
Additional information about the Trust is available at www.piret.ca or www.sedar.com.
For more information please contact: Sylvia Slaughter Director, Investor Relations (416) 479-8590 ext 267 E-mail: firstname.lastname@example.org