NorthWest to review its Vital management fees and rights

Jenny Ruth
Thu, 22 Nov 2018

By Jenny Ruth Nov. 23 (BusinessDesk) - Vital Healthcare Property Trust’s manager says it won’t exercise rights to remove directors or increase fees above current levels. The manager, Canada-based NorthWest Healthcare Properties Management, owns both Vital’s management contract and almost 25 percent of Vital’s units. NorthWest says it plans to review its management fees in the first quarter of calendar 2019. In the meantime, it has committed “not to exercise certain rights set out in Vital’s trust deed for the duration of the fee rev...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Market close
NZ shares slide on recession risk
Dan Brunskill | Tue, 17 May 2022

Central banks are expected to rapidly tighten policy, the risk of an energy crisis in Europe remains, and economic activity in China has been slowing.

BitPrime calls on crypto community for cash
Dan Brunskill | Tue, 17 May 2022

The crypto retailers plan to create a decentralised autonomous organisation to give supporters a say in how the business is run. 

Tracksuit a good fit for brand tracking
Ben Moore | Tue, 17 May 2022

Startup Tracksuit is simplifying brand tracking as digital marketing faces the death of online tracking.

Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.