Better half for Calan but not unitholders
Investor and developer Calan Healthcare Properties Trust has lifted its performance, but its unitholders will not get any more money.
Friday, February 27th 2004, 5:23AM
by The Landlord
A second-quarter gross dividend of 2c per unit was declared last month and gives an unchanged first-half distribution of 4c a unit.
Calan's unitholders complained about the health of the trust at the November annual general meeting, grilling chairman Bruce Davidson and chief executive Miles Wentworth over the unit price, questioning confidence in the business, the conditional sale of a property alongside North Shore Hospital in Auckland to Metlifecare for $12.82 million and the future of a Melbourne development.
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