Vital's trustee stirs at urging of unitholders

Wed, 26 Dec 2018

By Jenny Ruth Dec. 27 (BusinessDesk) - Vital Healthcare Property Trust’s trustee and supervisor says one of its roles is to ensure the manager is acting in the best interests of unitholders. Investors at last week’s AGM left Trustees Executors in no doubt that a large number of unitholders don’t believe the manager, Canada-based NorthWest Healthcare Properties Management, has been acting in their best interests. Concerns include NorthWest’s rights under the trust deed to set its own fees and to fire independent directors at will. In...

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