Peter, I think they are paying 33.3% of the costs anyway.
Shareholders should be sick of Fife lining his own pocket doing industrial deals outside ANI . He is also charging nearly double the fees that TIX charge, whilst at the same time destroying unit holder value and spending their money protecting his management rights. His interests are not aligned with unit holders because he is not one of any consequence; TIX is.
TIX put their money where their mouth is and align their interests in a sizeable way with unit holders. Fife is happy to collect his fee and do the 'good" industrial deals outside ANI when it suits him.
360 are active aggressive managers who have skin in the game and align their interests with unitholders, they have just taken a sizeable position in Industria Reit (IDR).
Unit holders should be asking Fife how much of unitholders money is he going to waste on a break fee and will ANI get first right of refusal on any "other' industrial deals before they get done by his private company Fife Industrial Investments?
ANI Price at posting:
$2.38 Sentiment: None Disclosure: Held
