NZSA throws its weight behind Vital’s rebel investors

Thu, 13 Dec 2018

By Jenny Ruth Dec. 13 (BusinessDesk) - The New Zealand Shareholders’ Association has thrown its weight behind rebel investors in Vital Healthcare Property Trust, saying the manager is treating investors “with contempt.” NZSA says reform of the trust’s governance structure is “essential and urgent” and that there is a “serious misalignment between the manager and the unitholders.” The approach the manager, owned by Canada-based NorthWest Properties Real Estate Investment Trust, has been taking “shows only contempt for the significant ma...

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