As noted in the Annual Results for Vital Healthcare Property Trust (Vital) released to the NZX on 12 August 2021, NorthWest Healthcare Management Properties Limited (the Manager), the manager of Vital, confirms that 4,090,950 new units in Vital were issued to it today pursuant to the incentive fee provisions in Vital’s Trust Deed.
Issuance in Vital units helps ensure alignment of the Manager’s interests with other unitholders whilst also ensuring that the incentive fee is not a cash cost for Vital.
NorthWest Healthcare Properties REIT’s aggregate relevant interest in Vital units has now increased to 26.59%.
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Fund Manager, Vital Healthcare Property Trust
Tel 09 973 7301, Email firstname.lastname@example.org
Chief Financial Officer, NorthWest Healthcare Properties Management Limited
Tel +61 409 936 104, Email email@example.com
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