WPT Industrial Real Estate Investment Trust Announces

Beth McCandry

TORONTO, September 23, 2021 (GLOBE NEWSWIRE) – WPT Industrial Real Estate Investment Trust (the “REIT“(TSX: WIR.U; WIR.UN – OTCQX: WPTIF) is pleased to announce that Institutional Shareholder Services Inc. (“ISS“) And Glass Lewis and Co., LLC (“Glass of Lewis“Have the shareholders of the REIT (the”Shareholders“) Vote for the special resolution (the”Arrangement resolution“), Who approves the previously announced arrangement plan (the”arrangement“), According to which an affiliate of Blackstone Real Estate Income Trust, Inc. would acquire all of the outstanding trust units of the REIT (each a”unit“) Through a series of transactions that would result in Shareholders receiving $ 22.00 per Share in cash, subject to applicable withholding taxes (the”transaction“). ISS and Glass Lewis are leading independent proxy advisory firms providing voting recommendations to institutional investors.

Special meeting of shareholders

The special meeting of shareholders (the “To meet“) Is scheduled to take place on Thursday, October 7, 2021 at 10:00 a.m. (Toronto time) via live audio webcast at https://meetnow.global/M7S59QJ.

YOUR VOICE IS IMPORTANT – PLEASE VOTE TODAY
The deadline for voting by proxy ends on Tuesday, October 5, 2021, at 10:00 a.m. (Toronto time).
The REIT Board of Trustees unanimously recommends that shareholders vote FOR the arrangement resolution

The full details of the agreement and the voting process can be found in the REIT management’s information circular dated April 2.Circular“), Available on the REIT website at www.wptreit.com and under the REIT profile on SEDAR at www.sedar.com.

How to vote

Your voice matters no matter how many units you have.

Vote for beneficiary shareholders

  • Internet: Go to www.proxyvote.com. Enter the 16-digit control number printed on the voting instruction form and follow the instructions on the screen.
  • fax: Fill in the instruction form, date it, sign it and fax it to the number given on the instruction form.
  • e-mail: Enter your instructions, sign and date the instruction form and return the completed instruction form in the stamped return envelope enclosed with the circular.

Vote for registered shareholders

  • Internet: Go to www.investorvote.com. Enter the 15-digit control number printed on the authorization form and follow the instructions on the screen.
  • phone: Call 1-866-732-VOTE (8683) from a touch tone phone and follow the automatic voice recording instructions to vote. You need your 15-digit control number to vote.
  • e-mail: Complete, sign, and date the Power of Attorney Form and mail it in the stamped envelope enclosed with the circular to: Computershare Investor Services Inc. Attention: Proxy Department, 100 University Avenue, 8th Floor, Toronto, Ontario , M5J 2Y1.

Shareholder Questions and Assistance

Shareholders with questions regarding the transaction or voting assistance can call 1-877-452-7184 (toll free in North America) or 1- 416-304-0211 (outside North America) or email assist @ laurelhill.com.

About the WPT Industrial Real Estate Investment Trust

The WPT Industrial Real Estate Investment Trust is an unregistered, open real estate investment trust established under a deed of trust under the laws of the Province of Ontario. The REIT acquires, develops, manages and owns sales and logistics properties in the United States. WPT Industrial, LP (the REIT’s operating subsidiary) owns or indirectly manages a real estate portfolio in 19 states that consists of approximately 38.0 million square feet of GLA and 112 properties.

Forward-looking information

Certain statements in this press release may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “anticipate,” “plan,” “expect,” “may,” “will,” “intend,” “should,” and similar expressions. This information involves known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated in such forward-looking information. Forward-looking information in this press release includes, but is not limited to: Statements relating to the Transaction, including the approval process, background and rationale, summarized or described in the statements made by ISS and / or Glass Lewis; Statements regarding the anticipated benefits of the transaction for shareholders; and statements relating to the holding and timing of the Shareholders’ Meeting.

The forward-looking information contained in this press release is based on certain expectations and assumptions by the REIT, including expectations and assumptions regarding the receipt of the necessary approvals and the satisfaction of other conditions for the completion of the transaction and that the agreement will not be modified or terminated. There can be no assurance that the proposed transaction or on the terms provided in the agreement will be completed.

While the REIT believes that the expectations and assumptions on which the forward-looking information contained in this press release is based are reasonable, undue reliance should be placed on the forward-looking information as the REIT cannot assure that it will prove to be be right. Because forward-looking information relates to future events and conditions, it inherently involves risks and uncertainties. Actual results could differ materially from those currently expected due to a number of factors and risks. These include, but are not limited to: failure to obtain the necessary approvals or to comply with (or obtain a waiver) conditions for the completion of the Transaction under the Agreement; the occurrence of an event, change, or other circumstance that could result in the termination of the Agreement; material adverse changes in the business or affairs of the REIT; the ability of the parties to obtain the necessary judicial approval; failure of either party to complete the Transaction on demand or on the terms originally negotiated; Competitive factors in the industries in which the REIT operates; Interest rates, exchange rates, prevailing economic conditions; and other factors, many of which are beyond the control of the REIT. Additional factors and risks that could affect the REIT, its business operations and the achievement of the forward-looking statements contained herein are set out in the REIT’s annual information form and in the discussions and analyzes of the REIT management for the fiscal year ended December 31, 2020 and and other subsequent reports filed under the REIT profile on www.sedar.com.

The forward-looking information contained in this press release reflects the REIT’s expectations as of the date of this release and is subject to change after that date. The REIT disclaims any intention or obligation to update or revise any forward-looking information as a result of new information, future events or for any other reason, except as required by applicable Canadian securities laws.

For more information, please contact:

Scott Frederiksen, Chief Executive Officer
Matt Cimino, Chief Operating Officer
Tel: (612) 800-8530
[email protected]