Summit Industrial Reit completes unit consolidation
Summit Industrial Income Reit (Summit II) has completed the previously disclosed consolidation of its outstanding units.
It was on the basis of one post-consolidation unit for every 12 pre-consolidation units (with the number of pre-consolidation units being a whole number of units).
The consolidation was approved by a special meeting of unitholders held on 16 January 2013, and was approved by the TSX Venture Exchange on 21 January 2013.
Pursuant to the consolidation, the number of outstanding units has been reduced from 82,717,645 to 6,893,110 units.