Code of conduct for REITs: duty to act in unit-holders' interest with disclosure, fair fees and fiduciary investment duties. The Schedule sets a Code of Conduct requiring REIT and its parties to act in the interest of unit-holders, provide timely and accurate disclosure to unit-holders, exchanges and the Board, avoid and disclose conflicts of interest, charge fair and reasonable fees, and require the manager to invest in accordance with the offer document solely for unit-holders' benefit. It prohibits unethical marketing, imposes duties of integrity, care, diligence and independent judgment, forbids exaggerated claims about qualifications, and affirms liability for acts of commission or omission despite contractual terms.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Code of conduct for REITs: duty to act in unit-holders' interest with disclosure, fair fees and fiduciary investment duties.
The Schedule sets a Code of Conduct requiring REIT and its parties to act in the interest of unit-holders, provide timely and accurate disclosure to unit-holders, exchanges and the Board, avoid and disclose conflicts of interest, charge fair and reasonable fees, and require the manager to invest in accordance with the offer document solely for unit-holders' benefit. It prohibits unethical marketing, imposes duties of integrity, care, diligence and independent judgment, forbids exaggerated claims about qualifications, and affirms liability for acts of commission or omission despite contractual terms.
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