Vital Healthcare's manager gives itself more units, dilutes dissidents

Aaron Hockly heads Vital Healthcare's manager

Tue, 17 Nov 2020

Vital Healthcare Property Trust's recent $157.5 million capital raising has come under regulatory scrutiny after two institutional investors were diluted, while the trust's manager holding increased.The manager's owner, Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, received about 1.1 million more units than were required to maintain its stake at 25.5 percent.The two institutional investors who were diluted by the capital raising were ANZ Investment Management and ACC, two of the three institutions who in...

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