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Thursday, March 25, 2010

REIT Financial News - 24 MAR 2010: EXPANSION OF MANAGER'S INVESTMENT POLICY IN FIRST REIT

LETTER TO UNITHOLDERS - EXPANSION OF MANAGER'S INVESTMENT POLICY IN FIRST REIT. See report.

Key Points
  • The investment policy has been expanded such that the REIT is no longer confined to assets such as hospitals and nursing homes for its portfolio.
  • It can now invest in assets such as facilities for pharmaceutical products.
Author's Note
First Reit has been rather quiet for quite a substantial period in terms of acquisitions of new assets. With this expansion of investment policy, the manager will probably have more options in its acquisition plans.

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