Vital's manager seeks investor backing for ASX/tax restructure

By Jenny Ruth | Mon, 03 Feb 2020


Vital Healthcare Property Trust's manager is hoping investors will back its plan to restructure it into two separate but stapled trusts so that Australian and other foreign investors can access tax benefits across the Tasman.The manager, a subsidiary of the Toronto-listed NorthWest Healthcare Real Estate Investment Trust, wants to divide Vital into separate New Zealand and Australian trusts with units in each stapled together and traded on NZX as the primary listing but with a foreign exempt listing on ASX.Chair of the manager and president of...