Brief: Vital Healthcare Property Trust Considers Potential Restructuring Initiative

Vital Healthcare Property Trust

17/12/2019 01:19

Dec 17 (Reuters) - Vital Healthcare Property Trust  VHP.NZ :
    * CONSIDERATION OF A POTENTIAL RESTRUCTURING INITIATIVE THAT
IS
EXPECTED TO CONSIST OF FOREIGN EXEMPT LISTING ON ASX
    * POTENTIAL RESTRUCTURING INITIATIVE WOULD INVOLVE
SEPARATING CO'S
NZ & AUSTRALIAN PROPERTIES INTO SEPARATE TRUSTS
    * BOARD EXPECTS TO SEEK UNITHOLDER APPROVAL OF PROPOSAL BY
END OF
Q1 OF CALENDAR 2020
    * POTENTIAL RESTRUCTURING INITIATIVE EXPECTS INCREASE IN
DISTRIBUTIONS AND PAYOUT RATIO FOR ALL UNITHOLDERS

Source text for Eikon:  ID:nNZW2XsxJT 
Further company coverage:  VHP.NZ 

 (Reuters.Briefs@thomsonreuters.com)