TORONTO, May 13, 2022
/CNW/ - Summit Industrial Income REIT ("Summit" or the
"REIT") (TSX: SMU.UN) announced today a $0.0484 per Unit cash distribution to be paid on
June 15, 2022, to Unitholders of
record on May 31, 2022.
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