Le Lézard
Classified in: Business
Subject: DIV

Summit Industrial Income REIT Announces September 2019 Cash Distribution


TORONTO, Sept. 13, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) announced today a $0.045 per Unit cash distribution to be paid on October 15, 2019 to Unitholders of record on September 30, 2019. Holders of units of a subsidiary of the REIT that are exchangeable into trust units of the REIT will receive a distribution equal to $0.045 per unit.

Summit II's amended and restated distribution reinvestment plan ("DRIP") provides residents of Canada the opportunity to elect to have their cash distributions reinvested in additional units of Summit II. 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
Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada. Summit's units are listed on the TSX 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 the goal to build Summit's property portfolio. The forward-looking statements and information are based on certain key expectations and assumptions made by Summit, including general economic conditions. Although Summit 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 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 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 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.

SOURCE Summit Industrial Income REIT


These press releases may also interest you

at 00:10
HRDQ, a leading developer of experiential learning resources for soft-skills training, announces that an informative webinar titled "Critical Thinking Skills: A Process for Better Problem Solving and Decision Making" will take place on Wednesday,...

at 00:00
Exdion Solutions Inc, the leading Insurtech Company that helps Insurance Brokers and Agencies build a robust business using smart AI, Machine learning, cloud and other technologies, today announced ExdionPOD LITE, a cognitive-science based SaaS...

at 00:00
Newly named A-to-Zen Cosmetic Surgery & Aesthetics, a leading medical spa in Bellevue, Washington, has moved to a new location at 1260 116th Ave., NE, Suite 100, Bellevue, WA; the phone number will remain the same: 425.615.6307. Owner, medical...

21 sep 2019
Carinsuranceplan.org has launched a new blog post that presents the main reasons for drivers to stay with the same car insurance company. For more info and free online car insurance quotes, please visit...

21 sep 2019
Southwestern Pennsylvania's leading real estate company, Berkshire Hathaway HomeServices The Preferred Realty, hosts annual shrimp boil. The event was held on September 11th at J. Verno Studios and Events in the South Side of Pittsburgh, and...

21 sep 2019
BSI Financial Services, a mortgage-centric financial services company, announced it has hired Allen Price as senior vice president of sales and business development to lead the company's financial and real estate services lines of business. Price...



News published on 13 september 2019 at 17:00 and distributed by: