Property

JENNY RUTH: Vital restructuring, ASX listing get mixed reviews

Jenny Ruth
Wed, 25 Mar 2020

Jenny Ruth
Wed, 25 Mar 2020
Support is rolling in for the Vital Healthcare Property Trust manager's proposal to restructure it and to list it on ASX.But the New Zealand Shareholders' Association has come out against it and one analyst has concluded that those with marginal tax rates of 28 percent or higher will be worse off.The two Sydney-based proxy advice services are in favour with Institutional Shareholder Services largely relying on the independent expert, Grant Samuel, which concluded the proposal is in the best interest of unitholders, and said that it thinks the a...

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