VHP Vital Healthcare

[peat]

I do own it, and am quite disheartened to hear about fee gouging at the management level. However they have a WALT of 18 years, against many other REIT's average closer to 5. Personally I prefer to pay higher fees for superior management though probably not this high. At present this tension hangs over the investment as a smelly cloud. This could give an opportunity for it to rise upon resolution. Returns (as per yield) arent too bad even with a leech so imagine what they might be?

[Jaa]

Call Computershare on +64 9 488 8777 or email them on vital@computershare.co.nz and demand your proxy form is emailed to you ASAP. You can return it via fax or email.

Deadline for voting is 2pm on Tuesday. Being 48 hours before the meeting, which is in and of itself outrageous. How can Computershare charge so much for such rubbish service?!?

Promising to send voting forms and not doing so is a misrepresentation that should have legal consequences, I would be mad as hell. Computershare like the board have a legal obligation to treat all unit holders equally. That is what we pay them for!

[777]

Promised forms dropped into my email about an hour ago.

[peat]

given the ructions in management issues the price has actually held up not too bad so I've dropped my holding this morning. at a small profit and had a couple of divvies. As said I love the WALT and dont mind high fees to an extent but something is starting to smell here so prefer not to be supporting questionable behaviour. And in other news its a good time to have some extra cash.

[Onion]

http://www.sharechat.co.nz/article/8...investors.html:

ISS SUPPORTS VITAL HEALTHCARE'S REBEL INVESTORS

[Jaa]

Wow that's huge!!!

Well over 2/3rds of non-Northwest votes against the manager. Great day for shareholder democracy and advocacy.

Can we have a vote now to get rid of the manager? Looks like it would pass

[Beagle]

http://www.sharechat.co.nz/article/4...overnance.html

Fees look odious to say the least and that's before we start talking about the inherent conflicts of interest !

[Beagle]

http://www.sharechat.co.nz/article/6...ravy-trainhtml

Rampant greed ! No wonder the Trustee doesn't want to do anything about it, they're on the rich gravy train too and collecting nearly half a million dollars for doing what exactly ? Certainly its hard to argue they're putting unit holders interests at the forefront. Do I get a whiff of this thing heading to Court with the Trustees being sued for gross negligence with a new Trustee and manager to be appointed ? No wonder institutions are upset ! I would think they're currently examining their legal options...
I don't own but find this sort of apparent corporate and trustee malfeasance very interesting.

[Beagle]

Some would say there is a massive leech and a trustee effectively playing possum stuck in the headlights because they've got too fat eating the spoils to move.
Someone needs to apply the legal blowtorch to this debauchery if its not resolved satisfactorily.

[Beagle]

http://www.sharechat.co.nz/article/2...-of-rightshtml

It goes from bad to even worse. I couldn't accept not even having basic listed checks and balances applicable to normal listed companies so this is on my BANNED list.