Vital's rebels score a moral victory

Thu, 20 Dec 2018

By Jenny Ruth Dec. 21 (BusinessDesk) - Vital Healthcare Property Trust’s rebel investors can count themselves the moral victors in their tussle with Vital’s entrenched and lavishly compensated manager, Canada-based NorthWest Properties Management. All five of their resolutions and the new independent director they proposed were convincingly supported by the majority of investors not associated with NorthWest. But given NorthWest holds all the cards in a legal sense, and none of the resolutions are binding, it is looking like a hollow v...

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