Three instos pick a fight over Vital’s fees and management

Fri, 30 Nov 2018

By Jenny Ruth Nov. 30 (BusinessDesk) - Three institutions are challenging the lucrative fees and extraordinary - but legal - rights of the manager of Vital Healthcare Property Trust. The manager, Canada-based Northwest Healthcare Properties Management, is resisting this attempt to abridge its current sweet deal. Northwest has appointed Graham Stuart to the board but unitholders have nominated Paul Mead and proposed five other resolutions which have been included in the trust’s notice of its annual meeting. Stuart was chief executive of...

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