Off-market insider buying at Summit Industrial In REIT (SMU)

Off-market insider buying at Summit Industrial In REIT (T:SMU)

Lawrence Morassutti, a Director, acquired 15,000 Trust Units on an indirect ownership basis for registered holder Travi Inc. and 4,500 Trust Units on a control or direction basis for registered holder Caren Morassutti - RRSP at a price of $12.000 through a prospectus or prospectus exempt offering on August 27th, 2020. This represents a $234,000 investment into the company's shares and an account share holdings change of 0.6%.

In addition, Michael Anthony John Catford, a Director, acquired 5,000 Trust Units on a direct ownership basis. This represents a $60,000 investment into the company's shares and an account share holdings change of 12.5%.

Summit Industrial In REIT is in the Commercial REITs Sub Industry Group under the Financials Sector.

Summit Industrial Income REIT is a Canada-based open-ended mutual fund real estate investment trust (REIT). The Trust is involved in the commercial leasing of real estate property with approximately 145 property aggregating 16.9 million rentable square feet located in Ontario, Quebec, Alberta, British Columbia and New Brunswick. The Trust is focused on the light industrial sector of the Canadian real estate industry. Light industrial properties are one-storied properties located in or near cities. The properties house such activities as warehousing and storage, light assembly and shipping, call centers and technical support, professional services and other similar uses. The Trust's manager is Sigma Asset Management Limited.