Dorchester Property Trust investor seeks change of manager to speed up sales

Tue, 12 May 2015

By Tina Morrison May 13 (BusinessDesk) - Dorchester Property Trust, the hotel investor spun out of the financier and insurer formerly known as Dorchester Pacific five years ago, is holding a special meeting at the end of this month after a unit holder complained that the trust's managers were too slow in selling properties and returning funds to investors. LET Securities, owned by directors Deepak Gupta and John Southworth, is seeking enough votes at the May 29 meeting to be appointed as the manager of the trust, replacing Dorchester Hote...

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