NorthWest may lift Vital Healthcare stake up to 24.99 percent in $39.2M rights issue

Tue, 25 Jun 2013

June 26 (BusinessDesk) - NorthWest International Healthcare Properties Real Estate Investment Trust, the cornerstone shareholder in Vital Healthcare Property Trust, may lift its stake to as much as 24.99 percent from 20 percent by participating in its $39.2 million rights offer. Vital plans to raise the funds through a one-for-10 pro rata renounceable rights issue at $1.275 a share, the manager of the medical and healthcare property investor said in a statement. The new units will be entitled to the final quarter distribution for the current f...

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