TORONTO, May 13, 2019 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the "REIT") announced today that in response to a report issued by Institutional Shareholder Services Inc., the REIT has made an amendment to a matter to be considered at the REIT's Annual and Special Meeting to be held on May 21, 2019 (the "Meeting"), being the re-confirmation of the REIT's Deferred Unit Plan (the "Deferred Unit Plan"). Specifically, the REIT will be proposing an amendment to the Deferred Unit Plan to reduce the maximum aggregate number of trust units authorized for issuance under the Deferred Unit Plan from 5% to 3.5% of the issued and outstanding units of the REIT.
All other matters to be considered at the Meeting remain unchanged and are further described in the REIT's Management Information Circular dated April 23, 2019 available on SEDAR (www.SEDAR.com).
About NorthWest Healthcare Properties Real Estate Investment Trust
NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (NorthWest) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. As at March 31, 2019 the REIT provides investors with access to a portfolio of high quality international healthcare real estate infrastructure comprised of interests in a diversified portfolio of 158 income-producing properties and 11.9 million square feet of gross leasable area located throughout major markets in Canada, Brazil, Europe, Australia and New Zealand. The REIT's portfolio of medical office buildings, clinics, and hospitals is characterized by long term indexed leases and stable occupancies. With a fully integrated and aligned senior management team, the REIT leverages over 180 professionals in nine offices in five countries to serve as a long term real estate partner to leading healthcare operators.
This press release contains forward-looking statements which reflect the REIT's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The REIT disclaims any obligation to update these forward-looking statements.
SOURCE NorthWest Healthcare Properties Real Estate Investment Trust
For further information: please contact Paul Dalla Lana, CEO at (416) 366-8300 x 1001.