Goodman trust won't adopt new NZX rules for managed funds

Sun, 05 May 2019

By Jenny Ruth May 6 (BusinessDesk) - Goodman Property Trust’s manager says that it won’t be adopting new NZX rules for managed investment schemes but will remain subject to the rules applying to most other equity securities. That leaves the manager of the only other NZX-listed property trust, Vital Healthcare Property Trust, exposed as the only manager to adopt the new MIS rules which exempt it from a whole raft of listing rules. These exemptions range from no need for independent directors, no minimum director requirements or any need...

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