Land & Buildings Issues Statement on Ventas | National Business
STAMFORD, Conn.–(Organization WIRE)–Apr 25, 2022–
Land & Properties Financial commitment Management, LLC (with each other with its affiliate marketers, “Land & Buildings”), a significant shareholder of Ventas, Inc. (NYSE: VTR) (“Ventas”, “VTR”, or the “Company”), nowadays issued the next statement regarding its marketing campaign at the Corporation:
“During this marketing campaign we have spoken with lots of Ventas shareholders who basically agree with what we’ve recognized as the complications at the Company, and with the options we are proposing to assistance Ventas get back its blue-chip REIT position. We carry on to believe that a accurate trader perspective is required on the Board and that immediate change at Ventas would benefit all its stakeholders.
It has also become clear to us all through our discussions with shareholders that specified the suggestions of the major proxy advisory firms, it would be challenging for some traders to assist us. As a outcome, we are withdrawing our director nomination.
Notably, Institutional Shareholder Services (“ISS”) wrote in its analysis that the present-day Ventas Board has an chance to enhance relative effectiveness – but if these endeavours are unsuccessful, ISS would be a lot more supportive of modify at up coming year’s yearly assembly. Though we disagree with this conclusion, we would be pleasantly surprised ought to it confirm to be prescient.
Land & Properties options to continue being a considerable shareholder of Ventas and we are rooting for this Board and management crew to get the correct steps to boost the Company’s effectiveness. Even so, we will not be reluctant to choose foreseeable future motion if we deem it vital to make sure that Ventas provides for shareholders.”
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Get hold of: MediaLongacre Square Associates
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Supply: Land & Structures Financial commitment Management, LLC
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PUB: 04/25/2022 09:00 AM/DISC: 04/25/2022 09:02 AM
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