STAMFORD, Conn.–(Business WIRE)–Apr 25, 2022–
Land & Buildings Financial commitment Administration, LLC (alongside one another with its affiliate marketers, “Land & Buildings”), a important shareholder of Ventas, Inc. (NYSE: VTR) (“Ventas”, “VTR”, or the “Company”), right now issued the pursuing assertion about its campaign at the Company:
“During this campaign we have spoken with quite a few Ventas shareholders who essentially concur with what we have recognized as the difficulties at the Company, and with the alternatives we are proposing to help Ventas get back its blue-chip REIT status. We continue to believe that a accurate investor perspective is wanted on the Board and that speedy transform at Ventas would gain all its stakeholders.
It has also grow to be crystal clear to us during our conversations with shareholders that given the tips of the primary proxy advisory firms, it would be tricky for some traders to help us. As a final result, we are withdrawing our director nomination.
Notably, Institutional Shareholder Solutions (“ISS”) wrote in its investigation that the latest Ventas Board has an option to make improvements to relative efficiency – but if these initiatives fall short, ISS would be much more supportive of modify at next year’s once-a-year assembly. When we disagree with this conclusion, we would be pleasantly surprised must it prove to be prescient.
Land & Buildings options to continue to be a sizeable shareholder of Ventas and we are rooting for this Board and management staff to acquire the ideal steps to boost the Company’s functionality. On the other hand, we will not hesitate to just take future action if we deem it important to make sure that Ventas delivers for shareholders.”
View source version on businesswire.com:https://www.businesswire.com/information/property/20220425005360/en/
Contact: MediaLongacre Sq. Companions
Dan Zacchei
[email protected] Proxy Consulting
John Ferguson
(212) 257-1311
Key word: CONNECTICUT UNITED STATES NORTH America
Sector Key phrase: BANKING Qualified Providers FINANCE
Source: Land & Structures Investment Administration, LLC
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PUB: 04/25/2022 09:00 AM/DISC: 04/25/2022 09:02 AM
http://www.businesswire.com/information/household/20220425005360/en