NorthWest warns Vital investors: take the deal or else

Mon, 01 Apr 2019

By Jenny Ruth April 1 (BusinessDesk) - Vital Healthcare Property Trust’s manager is telling unitholders they must either accept its proposed new fee structure or it will revert to the existing extremely lucrative fee structure. Canada-based NorthWest Healthcare Properties Real Estate Investment Trust is proposing to reduce its base fees, to calculate its incentive fee from Vital’s net tangible assets rather than from gross assets, to permanently give up its right to fire independent directors at will as well as giving up its unilateral ri...

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