Paul Dalla Lana Announces Acquisition of Trust Units of NorthWest Healthcare Properties Real Estate Investment Trust and Adoption of Automatic Securities Purchase Plan
July 10, 2015 at 6:12 PM EDT
TORONTO, July 10, 2015 /CNW/ - Paul Dalla Lana, Chief Executive Officer of NorthWest Healthcare Properties Real Estate Investment Trust (the "REIT"), announced today that he has indirectly acquired beneficial ownership of 389,000 additional trust units of the REIT.
After giving effect to the acquisition of trust units described above, Paul Dalla Lana has indirect beneficial ownership and control over 5,387,399 trust units and 19,188,063 special voting units, which represents approximately 34.15% of the REIT's issued and outstanding voting units.
Paul Dalla Lana also announced today his intention to enter into an automatic securities purchase plan to facilitate the purchase of up to 5% of the REIT's outstanding trust units (including those described above) based upon predetermined criteria on an automatic basis regardless of whether he may, subsequent to adopting the plan, receive material non-public information.
SOURCE NorthWest Healthcare Properties Real Estate Investment Trust